You are here: Home » Companies » News
Business Standard

MT Educare buys 51% in Lakshya Forum for Competitions

Under the deal, the acquirer the the option to buy 100% stake in Lakshya up to June 2018

Kalpana Pathak  |  Mumbai 

Coaching services provider MT Educare Limited has bought 51 per cent stake in Lakshya Forum for Competitions, an IIT, Engineering and Medical Entrance teaching institute.

The agreement gives an option to MTEL to buy 100 per cent stake in Lakshya up to June 2018.

Mahesh Shetty, Chairman and Managing Director said, "With Lakshya’s strong domain expertise in the new advanced IIT exam pattern, MT’s Science section will now offer the entire end to end training to all its students aspiring for Boards, the JEE Mains as well as the JEE Advanced and NEET examinations for a successful career in the engineering and medical stream”.

Established in 2006, Lakshya was started by four IITians with an aim to make 'Learning more Interesting' and under their leadership and guidance Lakshya has grown to become one of the leading test prep institutes of entire North India, currently catering to over 2,500 students, with a faculty strength of 40 teachers of which 20 are IITians and Doctors.

Lakshya has centres in Patiala, Bathinda, Chandigarh and Panchkula.

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: Sat, November 24 2012. 15:51 IST
RECOMMENDED FOR YOU
.