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Pearson to invest $30 mn in India
Press Trust of India / New Delhi Jun 24, 2009, 12:21 IST

Global publishing firm Pearson today said it will invest $30 million (about Rs 145 crore) in the country by acquiring stake in Educomp Solutions and in a Bangalore-based firm.    

"50 per cent stake in Educomp Solutions and 17.2 per cent stake in TutorVista for a total sum of $30 million," Pearson India Deputy Chairman Khozem Merchant told reporters here.     

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Pearson owns various businesses including the Financial Times Group, Pearson Education and the Penguin Group.     

Educomp is an education services provider, while Bangalore-based TutorVista is an online tutoring company.

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