MT Educare has entered into a non-binding Memorandum of Understanding (MoU) with Tree House Education and Accessories for the transfer of company's pre-school division comprising of 6 company operated centres located at Mumbai and Pune. However, the transaction will be closed after the usual due diligence
The company is an education support and coaching services provider for students in the secondary and higher secondary school and for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations. The company has operations across the states of Maharashtra, Tamil Nadu, Karnataka and Gujarat, through 190 coaching centres in 106 locations, as on May 15, 2011.
