Cerestra, an investment fund focused on educational infrastructure, is acquiring the real estate portfolio of K-12 schools from Bengaluru-based Jain Group of Institutions (JGI) — a first of its kind deal in India.

Cerestra Edu-Infra Fund wants to build a network of schools and eventually list on the stock exchanges through a specialist real estate investment trust (REIT). Cerestra is a joint venture between Religare Global Management and two veteran fund managers, Jasmeet Chhabra and Vishal Goel.

http://economictimes.indiatimes.com/industry/services/education/educational-infra-investor-to-buy-school-chain-assets/articleshow/50803962.cms

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