Zee Learn has signed definitive agreements to invest Rs 200 crore in MT Educare through a preferential allotment of equity shares (face value Rs 10 per share) for a stake of 44.53% in the expanded share capital of MT Educare.
The execution of definitive agreements has triggered the requirement to make an Open Offer and the regulations therewith will be complied. The transaction is subject to the fulfillment of customary closing conditions and the requisite statutory and regulatory approvals.
Zee Learn has been involved in offering its educational services right from toddlers to teens to youth for more than a decade.
