Zee Learn is reportedly in talks with MT Educare, a Mumbai-based company that runs the popular Mahesh Tutorials coaching classes, to buy a controlling stake in the company, in a growing sign that a wave of fresh capital is triggering larger consolidation in the educational services space. At current valuations, Zee will have to pay Rs 140 crore for a controlling stake in the company.
Zee initially plans to buy the entire promoter block of 42.78% and will make an open offer for another 20% stake. Institutions and public shareholders own the remaining 57.22%.
Zee Learn has been involved in offering its educational services right from toddlers to teens to youth for more than a decade.
