TeamLease acquires stake in Schoolguru – Feedback

TeamLease Services Limited and Schoolguru Eduserve Private Limited, an online learning company that works with 18 universities, on Wednesday announced the signing of a definitive agreement under which TeamLease will acquire 40% stake in Schoolguru.

Transaction remains subject to customary closing conditions and regulatory approvals and is expected to close before the end of November 2017. Schoolguru will continue to operate as a separate and independent entity.Schoolguru is a technology-led specialised academic services organization established in 2012.

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