Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 15 2018

Zee Learn to acquire MT Educare, makes open offer

The  has also made an open offer to shareholders of Mumbai-listed MT Educare to buy an additional stake of up to 26% as per regulatory requirements, the companies said in separate stock-exchange filings.

Zee Learn to acquire MT Educare, makes open offer

Zee Learn Ltd, the Subash Chandra led Essel Group’s education outlet has agreed to acquire a 44.53% stake in education services company MT Educare Ltd for Rs 200 crore ($31.3 million).

The  has also made an open offer to shareholders of Mumbai-listed MT Educare to buy an additional stake of up to 26% as per regulatory requirements, the companies said in separate stock-exchange filings.

Zee Learn CEO Debshankar Mukhopadhyay said, “The acquisition is aligned with Zee’s strategy to increase its footprint across segments in the education sector and consolidate its digital offerings.”

He added that this acquisition will strengthen Zee’s pre-schools and K12 offerings through Kidzee and Mount Litera Zee Schools, respectively, and will mark its entry into the high-growth ed-tech market through Robomate and test preparation through other brands like Mahesh Tutorials, Lakshya and Chitale classes.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Bakery Products
    About the Brand: Country Harvest is a foods brand with the..
    Locations looking for expansion West Bengal
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater kolkata West Bengal
  • About Us: Mad About Dogs (MAD), an ambitious venture of Mad..
    Locations looking for expansion Delhi
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • HR & Recruitment
    About Us: Jobjabs is the pioneer of organized recruitment services in..
    Locations looking for expansion Uttar pradesh
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Other Vocational Training
    About Us: Want to serve the world with innovative design with..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2005
    Franchising Launch Date 2007
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Varanasi Uttar Pardesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities