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MT Educare acquires 100% stake in Labh Ventures

MT Educare has acquired 100% equity shares of Labh Ventures India by way of execution of share purchase agreement. Accordingly, Labh Ventures India shall become the wholly owned subsidiary of the company with effect from September 1, 2018. The main objective of the acquisition is for investment and business growth of the company. The cost of acquisition is Rs 16.28 crore.

MT Educare is an education service company providing education support and coaching services. The company operates through conducting commercial training, coaching, tutorial classes and activities incidental and ancillary segment. Its business segments include School Section, Science Section and Commerce Section/University etc.

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