Shardul Amarchand Mangaldas & Co advised CL Educate Limited in relation to the acquisition of 100% share capital of NSEIT Limited from NSE Investments Limited. The deal is valued at approximately ₹230 crore.

The transaction team was led by Sadia Khan, Partner; Suraj Meher, Principal Associate; Anubhav Anand, Deputy Manager; and Nipun Kalra, Associate.

The Banking & Finance Team was led by Shubhangi Garg, Partner; Adheesh Agarwal, Senior Associate; and Dhwanit Rathore, Associate.

The Stock Exchange related Disclosures were handled by Manjari Tyagi, Partner and Aditi Gupta, Senior Associate.

Natashaa Shroff, Partner advised CL Educate on the capital reduction application.

The acquisition marks a significant step in CL Educate’s strategic diversification within the education and tech sector and expansion into the digital assessment space.

NSEIT, a step-down subsidiary of the National Stock Exchange of India, is involved in digital examination business, comprising end-to-end digital examination services, including inter alia recruitment and promotion for digital examinations, professional and vocational certification digital examination services, pre-exam period preparation, conducting of digital exams and post-exam period assessment.

CL Educate Limited, established in 1996 and headquartered in New Delhi, is a diversified education and technology company operating across the EdTech and MarTech sectors. Primarily known for its "Career Launcher" brand, the company provides a wide array of educational services, including test preparation for various entrance exams, content development, and vocational training. Additionally, through its MarTech segment, it offers integrated marketing and technology solutions to corporate clients.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.