The Navneet Education Ltd signs an agreement to acquire Britannica’s Indian curriculum business for Rs. 88 croore. This move will help expand Navneet’s range of curricular offerings in the Indian school market.
Announcing the acquisition of Britannica’s curricular business Navneet’s Director, Mr. Anil Gala said, “The coming together of the two companies will help enhance Navneet’s footprint and access to newer markets. It will also significantly augment Navneet’s intellectual property.” Britannica India’s Curriculum Division designs and develops educational products, used by nearly 5 million students, across India and Indian schools abroad. By partnering with Navneet, Britannica India’s business will expand its products range and further accelerate its growth.