Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 03 2018

HCL Infosystems Terminates Digischool business deal

The transaction was expected to be completed in September 2017.

HCL Infosystems Ltd. has cancelled the transfer deal with Chennai-based Everest Edusys and Solutions Pvt. Ltd. deal to sell Digischool business to them.

HCL Infosystems in a stock-exchange disclosure said the deal is terminated on account of material breach of the terms of the business transfer agreement by Everest Edusys and Solutions.

In April last year, HCL Infosystems said its wholly owned unit HCL Learning Ltd will sell its Digischool business to Everest Edusys and Solutions in a transaction that will give it a 33% stake in the education company.The transaction was expected to be completed in September 2017.

HCL Infosystems’ Digischool business sells software licences for educational content to K-12 schools.

Everest Edusys’ flagship brand QED (Quest Explore Discover) provides science education through interactive methods. It sets up interactive exhibit centres, called QED Labs, at schools to provide experiment-based hands-on science learning for students.

Comment
image
Related opportunities
  • Plumbing, Sanitary Ware and Bathroom Fittings
    About Us: JAAZ Corporation Pvt. Ltd. started in 2009 as..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Vadodara Gujarat
  • Men's clothing
    About us: Greenfibre is a Jadeblue enterprise where fashion is centred..
    Locations looking for expansion Gujarat
    Establishment year 1995
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Bars, Pubs & Lounge
    About Us: House Of Mandarin offers delicious dining, takeout and delivery..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities