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CL Educate to acquire balance stake in Accendere Knowledge Management Services

CL Educate to acquire balance stake in Accendere Knowledge Management Services

CL Educate has received an approval for acquisition of the balance 49% stake in the equity shares of Accendere Knowledge Management Services, making it a wholly-owned subsidiary company. The board of directors at its meeting held on April 12, 2017 has approved for the same. The company has also received approval to enter into definitive agreement with respect to the acquisition of ETEN Test Prep Business.

CL Educate is one of Asia’s leading edu-corporates, with focus on diverse segments of education, and across learners of multiple age-groups. Led by a team of IIT-IIM alumni, with a passion for excellence in education, the company has shaped the lives and careers of lakhs of students in the eighteen years of its existence.

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