You are here: Home » Companies » News
Business Standard

HT Media to form JV with US firm Apollo Global

Press Trust of India  |  New Delhi 

HT Media Ltd (HTML) today said it has entered into an agreement for an equal joint venture with US-based Apollo Global Inc to roll out programmes and services in the education space.

"The venture between HTML and Apollo Global, a subsidiary of Apollo Group In (USA), is intended to address the urgent need in the country for quality educational services and the 'education-employment mismatch'," HTML said in a BSE filing.

The JV will enable India's business community to train and empower employees for a 21st century global workplace, it added.

The company however did not provide details of the nature of courses to be rolled out.


In the education space, HT Media already runs 'Studymate' tuition centres in Delhi and brings out HT Education, a newspaper for youth. It also operates HT Campus, an online resource for students looking for higher education.

Formed in 2007, Apollo Global is a joint venture between US-based private education provider Apollo Group and private equity firm, the Carlyle Group.

HT Media's scrips were trading at Rs 124.20 per share, up 0.57% from the previous close, on the BSE.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, December 05 2011. 15:42 IST
RECOMMENDED FOR YOU
.