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CL Educate inks pact to acquire ETEN’s business

13 Apr 2017 Evaluate

CL Educate has entered into definitive agreements to acquire, as a going concern, all the assets and liabilities of ETEN, a business division of IndiaCan Education, engaged in the test preparation business for chartered accountancy courses and civil services entrance examination supported by VSAT (very small aperture terminal) network in India.

This acquisition will enable the company to launch CA product and also add General Studies product offering for the Civil Services entrance examination leading to strengthening and enhancing penetration of its test prep business.

CL Educate is one of Asia's leading edu-corporates, with focus on diverse segments of education, and across learners of multiple age-groups. Led by a team of IIT-IIM alumni, with a passion for excellence in education, the company has shaped the lives and careers of lakhs of students in the eighteen years of its existence.

 

Peers
Company Name CMP
Physicswallah 132.10
Crizac 182.50
Veranda Learning Sln 236.00
Zee Learn 6.76
CL Educate 54.60
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