October 17, 2019, the Essel Promoters shared that they are planning to divest Zee Learn Ltd, which is India’s largest listed education company. The Essel Group Promoters shared in the investor call that they have recently been approached by some marquee investors, both strategic and financial, for the Zee Learn stake and they are considering their offers seriously. Zee Learn is a diversified Education Company with its network having multiple offerings from Pre K, K12, Higher Education, Test Prep, Tutorials, Vocational, Skilling, Manpower & Training and Digital Education. Zee Learn has grown its turnover and EBITDA at more than 50% CAGR in the last few years. While most of the education sector funding comes from the government sector, the advent of private funds in the education sector is a positive signal which will help India catch up with the developed nations in this space.
Source: dna October 17, 2019 18:22 UTC