Arihant Academy Acquires ZEAL Academy: Expanding Education Reach
By Rediff Money Desk, Mumbai Oct 24, 2024 18:21
Arihant Academy has acquired a 51% stake in ZEAL Academy, expanding its academic portfolio and strengthening its presence in the Mumbai Metropolitan Region. The move aims to create a more comprehensive learning experience for students.
Mumbai, Oct 24 (PTI) Coaching institute Arihant Academy on Thursday said it has acquired a 51 per cent stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore.
The acquisition will enable Arihant Academy to expand its academic portfolio in the Mumbai Metropolitan Region and cater to a larger student base with top-notch learning pedagogy, the company, which is listed on NSE SME platform, said in a filing.
The company did not reveal the acquisition cost but stated that ZEAL Academy's valuation is priced at Rs 17 crore.
"This also expands Arihant's presence across Navi Mumbai, it said.
"By merging ZEAL Academy's local expertise with our teaching methods, we aim to create a more comprehensive learning experience and a stronger educational framework for students across the metropolitan region. We believe this move will not only enhance our offerings but also broaden our impact on the educational landscape," Arihant Academy Managing Director Anil Kapasi added.
Kunal Pathak, Partner, ZEAL Academy, said the investment will strengthen its portfolio and will allow it to expand its offerings.
Zeal Academy specializes in providing coaching on IIT, JEE (Mains & Advanced), and NEET. Mumbai-based Arihant provides coaching for SSC, ICSE, CBSE, Science & Commerce, has announced the acquisition of a majority stake in Zen Educational and Learning (ZEAL Academy).
The acquisition will enable Arihant Academy to expand its academic portfolio in the Mumbai Metropolitan Region and cater to a larger student base with top-notch learning pedagogy, the company, which is listed on NSE SME platform, said in a filing.
The company did not reveal the acquisition cost but stated that ZEAL Academy's valuation is priced at Rs 17 crore.
"This also expands Arihant's presence across Navi Mumbai, it said.
"By merging ZEAL Academy's local expertise with our teaching methods, we aim to create a more comprehensive learning experience and a stronger educational framework for students across the metropolitan region. We believe this move will not only enhance our offerings but also broaden our impact on the educational landscape," Arihant Academy Managing Director Anil Kapasi added.
Kunal Pathak, Partner, ZEAL Academy, said the investment will strengthen its portfolio and will allow it to expand its offerings.
Zeal Academy specializes in providing coaching on IIT, JEE (Mains & Advanced), and NEET. Mumbai-based Arihant provides coaching for SSC, ICSE, CBSE, Science & Commerce, has announced the acquisition of a majority stake in Zen Educational and Learning (ZEAL Academy).
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- G G Engineering
- 2.13 (+ 12.11)
- 70001344
- Vodafone Idea L
- 7.67 ( -5.66)
- 68482952
- Srestha Finvest
- 0.66 ( -4.35)
- 32525731
- GTL Infrastructure
- 1.98 ( -4.81)
- 26692659
- AvanceTechnologies
- 0.82 (+ 2.50)
- 23608944
MORE NEWS
ESIC Adds 20.74 Lakh New Members in August 2024
ESIC recorded a 6.8% increase in new enrollments in August 2024, adding 20.74 lakh...
Personality & Culture Fit: Key Hiring...
New report reveals 77% of employees believe companies should prioritize personality and...
Jaiprakash Power Ventures PAT Jumps to Rs...
Jaiprakash Power Ventures reported a three-fold increase in its consolidated profit...