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
  • Ayurvedic, Herbal & Organic Products
       Amrutveda 20 years of a successful journey in Ayurveda..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2001
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Organic Products
    Lumiere is one of the pioneers in organic agriculture, retail..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2021
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Biker's Accessories
    Two wheeler market size of India is 18 million units..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Laundry & Dry Cleaning
    About Us: INSTAWASH Laundry uses IPSO Machines, which are the best..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities