Crizac has entered into definitive agreements to invest an aggregate amount of around Rs 1.24 crore in Edument Consultancy by way of acquisition of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCD) from the existing investors, in one or more tranches, subject to terms and conditions contained in the definitive agreements.
The strategic investment aims to bring complementary offerings to the company’s existing customers in the areas of AI-led student mobility infrastructure and cross-border education financing. The said transaction is expected to be completed by August 12, 2026.
Crizac is a B2B (Business to Business) education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand.