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Mergers & Acquisitions | 14 December 2011

Career Launcher Acquires GK Publications

by Irfan Khan
 
@irfan

@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.

RBI To Allow MFIs To Raise Upto $10Mn Through ECBs

RBI may allow all MFIs to raise upto $10Mn through ECBs to part fund their operations.

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Atishay Infotech To Go Public Through SME Platform

Mumbai based Atishay Infotech Limited has filed DRHP on BSE SME platform for the issue of 2.3 Mn equity shares at a price of INR 16 per unit aggregating to INR 37.1 Cr. The issue constitutes 26.41% of the paid up equity share capital of the company.

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