UpGrad co-founder Ronnie Screwvala has told ET that he has held discussions with Unacademy’s investors and co-founders, although no deal is currently ‘on the table.’ He also indicated that he is open to acquiring Byju’s...
Manipal Education submits EOI to bid for Byju’s parent Think & Learn under insolvency process
Dr Ranjan Pai-led Manipal Education and Medical Group India (MEMG India) has submitted a formal Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of troubled edtech...
UpGrad in talks to acquire Unacademy in $300–400 million deal: Report
Edtech major UpGrad is in talks to acquire Unacademy in a deal that could value the test-prep platform at $300–400 million ( ₹2,800–3,500 crore), Moneycontrol reported citing people familiar with the matter. “The two...
Byju’s sells US edtech units Epic, Tynker at deep discount
Troubled ed-tech firm Byju’s has reportedly been forced to part with two of its U.S.-based subsidiaries by its term loan B (TLB) lenders as part of an asset unwinding process, according to reports by EdWeek Market Brief...
Aakash moves NCLT to implead EY, alleges conflict in Byju’s petition
In an impleadment application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services Ltd (AESL) has requested the tribunal to either dismiss the company petition filed...
IPO-bound Imarticus Learning acquires edtech firm for $6m
Mumbai-based professional education firm Imarticus Learning has acquired a 100% stake in MyCaptain, an edtech platform, for 50 crore rupees (around US$6 million). This acquisition marks Imarticus Learning’s fourth...
Jio Platforms to absorb edtech firm Embibe
Jio Platforms Ltd (JPL), an arm of Reliance Industries Ltd (RIL) that houses its telecom and digital businesses, is set to absorb edtech firm Indiavidual Learning Private Limited, or Embibe, in a move that has caused...
NIIT to acquire remaining shares of IFBI, make it wholly-owned arm
NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing...
NIIT acquires Coimbatore-based deep skilling training provider iamneo
Skills and talent development corporation NIIT has acquired a 70 per cent stake in iamneo, a deep skilling technology training solutions provider, for a consideration of ₹61.3 crore. “The consideration includes a...
Abu Dhabi’s Mubadala to buy $600 million stake in UK school operator Nord Anglia
Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday it would acquire a minority stake in UK private school operator Nord Anglia Education for $600 million, joining a global consortium led by...
Arihant Academy acquires Carmel Classes for Rs 10 crore
Education firm Arihant Academy on Thursday said it has acquired 100 per cent stake in Carmel Classes and Carmel Tuitions in a deal valued at USD 1.2 million (about Rs 10.2 crore). The deal covers a substantial...
Karnataka HC lifts NCLT freeze on Aakash Educational Services stake sale
The Karnataka High Court on Tuesday quashed an order of status quo on the shareholding of Aakash Educational Services Limited (Aakash) and sent the matter back to National Company Law Tribunal (NCLT) Bengaluru for...
