Shardul Amarchand Mangaldas & Co. Advised CL Educate
Shardul Amarchand Mangaldas & Co. advised CL Educate Limited in relation to the acquisition of 100% share capital of NSEIT Limited from NSE Investments Limited. The deal is valued at approximately INR 230 crores.
NSEIT Limited, a step-down subsidiary of the National Stock Exchange of India Limited, is involved in digital examination business, comprising end-to-end digital examination services, including inter alia recruitment and promotion for digital examinations, professional and vocational certification digital examination services, pre-exam period preparation, conducting of digital exams and post-exam period assessment.
The acquisition marks a significant step in CL Educate’s strategic diversification within the education and tech sector and expansion into the digital assessment space.
The transaction team was led by Sadia Khan, Partner; Suraj Meher, Principal Associate; Anubhav Anand, Deputy Manager; and Nipun Kalra, Associate.
The Banking & Finance Team was led by Shubhangi Garg, Partner; Adheesh Agarwal, Senior Associate; and Dhwanit Rathore, Associate.
The Stock Exchange related Disclosures were handled by Manjari Tyagi, Partner and Aditi Gupta, Senior Associate.
Sadia-Khan-&-Shubhangi-Garg-&-Manjari-Tyagi-&-Natashaa-Shroff, Partner advised CL Educate on the capital reduction application.