Navneet Education announces amalgamation and demerger to bolster edtech and publication sectors

Navneet Education announces amalgamation and demerger to bolster edtech and publication sectors

Navneet Education Limited (NEL), a major player in educational syllabus-based supplementary content, has revealed a groundbreaking Composite Scheme of Arrangement. This strategy involves the amalgamation of Genext Students Private Limited and the demerger of Edtech business from Navneet Futuretech Limited into Navneet Education Limited. The scheme aims to rationalize the group structure, ensuring enhanced synergies […]

Navneet Education to acquire stake in edtech company Genext Students

Navneet Education to acquire stake in edtech company Genext Students

Navneet Education Limited said that its fully-owned subsidiary – Navneet Tech Ventures Private Limited has signed an agreement to acquire a stake of 51.80% in Genext Students Private Limited for about INR 58.5 million ($0.79 million) from Sat Industries Limited. Incorporated in 2011, Genext Students Private Limited is an Indian education technology company, which offers […]