Mukesh Ambani buys 38.5% in Extramarks Education

Mukesh Ambani-owned has acquired 38.5% stake in firm Extramarks Education, a move that will help Industries (RIL) to strengthen its content pipeline as it looks to launch its services soon.

Services has acquired 38.5% stake in and the investment has been made through an affiliate company Strategic Investments for an undisclosed amount.

According to sources, there will be no dilution of equity in Extramarks and will infuse fresh capital.

The investment by will enable Extramarks to pursue its aggressive growth plans in further developing services and deepening market penetration.

The funds will be used for executing computer-aided learning projects and new technologies.

Extramarks' digital distribution model provides students with education support and study help at affordable prices.

"The relationship with is the start of an exciting phase for Extramarks. Over the last two years, we have progressed on our journey of revolutionising the domestic education sector through technology enabled smart solutions and active participation in infrastructure development," Extramarks Chairman Atul Kulshreshta told PTI.

The alliance with will accelerate the mass penetration of our offerings benefiting thousands of Indians who will have the advantage of quality education and study help at their doorstep, he added.

Last year, Industries had acquired 95% stake in for Rs 4,800 crore, making it a subsidiary of Industries.

is the only company which won spectrum in all 22 circles in India, paying Rs 12,848 crore for the spectrum.

is expected to launch its high speed Internet services or access services (BWA) by the end of this year or early next year.

The acquisition of stake in Extramarks is expected to strengthen the Infotel's content portfolio and help grow its business, especially in the education sector, which is focusing strongly on delivering content using information and communication technologies (ICT).

image
Business Standard
177 22
Business Standard

Mukesh Ambani buys 38.5% in Extramarks Education

Press Trust of India  |  New Delhi 

Mukesh Ambani

Mukesh Ambani-owned has acquired 38.5% stake in firm Extramarks Education, a move that will help Industries (RIL) to strengthen its content pipeline as it looks to launch its services soon.

Services has acquired 38.5% stake in and the investment has been made through an affiliate company Strategic Investments for an undisclosed amount.

According to sources, there will be no dilution of equity in Extramarks and will infuse fresh capital.

The investment by will enable Extramarks to pursue its aggressive growth plans in further developing services and deepening market penetration.

The funds will be used for executing computer-aided learning projects and new technologies.



Extramarks' digital distribution model provides students with education support and study help at affordable prices.

"The relationship with is the start of an exciting phase for Extramarks. Over the last two years, we have progressed on our journey of revolutionising the domestic education sector through technology enabled smart solutions and active participation in infrastructure development," Extramarks Chairman Atul Kulshreshta told PTI.

The alliance with will accelerate the mass penetration of our offerings benefiting thousands of Indians who will have the advantage of quality education and study help at their doorstep, he added.

Last year, Industries had acquired 95% stake in for Rs 4,800 crore, making it a subsidiary of Industries.

is the only company which won spectrum in all 22 circles in India, paying Rs 12,848 crore for the spectrum.

is expected to launch its high speed Internet services or access services (BWA) by the end of this year or early next year.

The acquisition of stake in Extramarks is expected to strengthen the Infotel's content portfolio and help grow its business, especially in the education sector, which is focusing strongly on delivering content using information and communication technologies (ICT).

RECOMMENDED FOR YOU

Mukesh Ambani buys 38.5% in Extramarks Education

Mukesh Ambani-owned Infotel has acquired 38.5% stake in digital learning solutions firm Extramarks Education, a move that will help Reliance Industries (RIL) to strengthen its content pipeline as it looks to launch its broadband services soon.

Mukesh Ambani-owned has acquired 38.5% stake in firm Extramarks Education, a move that will help Industries (RIL) to strengthen its content pipeline as it looks to launch its services soon.

Services has acquired 38.5% stake in and the investment has been made through an affiliate company Strategic Investments for an undisclosed amount.

According to sources, there will be no dilution of equity in Extramarks and will infuse fresh capital.

The investment by will enable Extramarks to pursue its aggressive growth plans in further developing services and deepening market penetration.

The funds will be used for executing computer-aided learning projects and new technologies.

Extramarks' digital distribution model provides students with education support and study help at affordable prices.

"The relationship with is the start of an exciting phase for Extramarks. Over the last two years, we have progressed on our journey of revolutionising the domestic education sector through technology enabled smart solutions and active participation in infrastructure development," Extramarks Chairman Atul Kulshreshta told PTI.

The alliance with will accelerate the mass penetration of our offerings benefiting thousands of Indians who will have the advantage of quality education and study help at their doorstep, he added.

Last year, Industries had acquired 95% stake in for Rs 4,800 crore, making it a subsidiary of Industries.

is the only company which won spectrum in all 22 circles in India, paying Rs 12,848 crore for the spectrum.

is expected to launch its high speed Internet services or access services (BWA) by the end of this year or early next year.

The acquisition of stake in Extramarks is expected to strengthen the Infotel's content portfolio and help grow its business, especially in the education sector, which is focusing strongly on delivering content using information and communication technologies (ICT).

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard