Navneet To Buy 25% Stake In Gowtham Schools
Navneet Publications is buying out 25% stake in Hyderabad based Gowtham Model Schools for Rs60Cr.
Gowtham Model Schools are managed by K-12 Techno Services. There are around 70 Schools run by 15 different trusts under Gowtham brand in South India.
In March this year, K-12 Techno Services raised Rs25Cr from Sequoia Capital in it's second round of funding. It had earlier raised Rs70Cr from Sequoia and Song Investment in Sept'10. Sequoia along with Song Investment Advisors together own close to 55% stake in K-12 Techno Services Pvt Ltd.
Earlier in January, HDFC and Gaja Capital Partners bought a stake in Indus World Schools, a unit of Career Launcher India Limited, for around Rs.40-50 Cr.
Transaction Reference: ET
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KVEZAR VIEW
DEAL TRACKER FOR
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 09/09/11 | Gowtham Model Schools - Navneet Publications | M&A | Navneet Publications India Limited | - |
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Profiles
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Navneet Publications India Limited | Amarchand R Gala Jaisinh K Sampat Shantilal R Gala Harakhchand R Gala Dungarshi R Gala Jitendra L Gala |
Navneet Bhavan, Bhavani Shankar Road, Dadar West |
Sundaram Multi Pap Limited Jeevandeep Prakashan Private Limited S Chand and Company Limited |
www.navneet.com |
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