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MT Educare enters into an agreement to acquire 51% stake in Lakshya Forum for Competitions

04 Apr 2013 Evaluate

MT Educare has entered into shareholders agreement with ’Lakshya’ and its shareholders on April 01, 2013 with respect to acquire 51% stake in Lakshya Forum for Competitions, a leading North India based IIT Entrance teaching institute.

Further, Lakshya holds 10% stake in Lakshya Educare, a subsidiary of MT Educare, a special purpose vehicle (SPV) created for the purpose of launching JEE advanced coaching services in Mumbai and rest of India. The company holds 90% stake in this SPV.

MT Educare provides educational coaching services for classes 9 and 10 (state boards, CBSE and ICSE), classes 11 and 12, graduation (commerce), preparatory/entrance tests (engineering, medical and MBA) and professional courses such as chartered accountancy under the brand name ‘Mahesh Tutorials’.

MT Educare Share Price

1.40 0.00 (0.00%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Physicswallah 108.20
CL Educate 53.78
Zee Learn 4.89
Jaro Inst. of Tech&R 438.95
Crizac 229.85
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