CL Educate - formerly known as Career Launcher has acquired test preparation materials publisher - GK Publications. The financial details of the transaction were not disclosed.
GK Publications was founded in 1994 by Rakesh and Poonam Mittal. It publishes books, guides, test papers and question banks for professional examinations like GATE, IES, IAS, various, Public Sector Undertaking examinations, CAT, etc. G K Publication currently sells around 600,000 titles every year to about 200,000 students.
Tata Communications Ltd is selling Neotel Ltd, the South Africa-based communications network company that it owns in partnership with Nexus Connexions Pvt Ltd. The company has entered into an agreement with a privately owned, pan-Africa telecom group, Liquid Telecom Group, for the acquisition of Neotel for ZAR6.66 billion (INR2903 crore).