ETA Star To Exit BITS Dubai Campus JV
BITS Pilani is close to buy out its partner ETA Star Group's stake in Dubai Campus for R100 Cr. The institute is planning for an expansion to reinvent itself as a teaching and research institute, according to ET.
BITS Pilani will take over the rights to manage the infrastructure for the Dubai campus. The buy-out will lead to exit for ETA star from Dubai JV.
BITS, Pilani - Dubai (BPD) is the branch campus of BITS, Pilani - India. It was set-up in September 2000 in Dubai in association with the ETA Ascon Star Group, in response to the growing needs for quality Engineering education among the residents of the Middle East. BITS, Pilani commenced the Dubai Campus with the formal approval of Ministry of HRD and University Grants Commission (UGC), Govt. of India. Over a period of 8 years, BPD's student strength has grown to about 1750 with students seeking admission from not only UAE and other Middle East Countries but also from India and other parts of the world.
BPD is located at its permanent campus at Dubai International Academic City and offers world-class, state-of-the-art facilities with well-equipped labs and workshops, separate Library block, Academic Block, Sports Complex, Canteen, Clinic, Grocery, Gymnasium and Hostel blocks.
Incorporated in 1973 and a part of Al Ghurair Group of Companies , ETA ASCON Group is a contracting firm in the U.A.E. with expertise ranging from Civil Construction to Electro Mechanical, Elevator Engineering and Facilities Management. The firm has numerous landmarks in the Emirates that stand as a testimony to the firm’s engineering capabilities.
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|2012-09-21||ETA Star - BITS Pilani Dubai - BITS Pilani||M&A||
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