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Info Edge to Sell Shares in Meritnation to Aakash Educational Services for Rs 50 Cr

Info Edge (India) Ltd on Friday said it will divest its total shareholding in Applect Learning Systems (Meritnation) to Aakash Educational Services for Rs 50 crore. “…the company has, pursuant to the authorisation given by the Board of Directors on recommendation of the Audit Committee, entered into an agreement for divestment of its total shareholding, on fully converted and diluted basis, (including holding through its wholly owned subsidiary) in Applect Learning Systems Pvt Ltd (Meritnation),” […]


This post first appeared on Tech, Startups & Entrepreneurship News India, please read the originial post: here

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Info Edge to Sell Shares in Meritnation to Aakash Educational Services for Rs 50 Cr

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