Press Release20 Feb 2024, 01:23 am
CL Educate Ltd increases stake in 361 Degree Minds to 39%
AI Summary
CL Educate Ltd, an EdTech company listed on BSE and NSE, has increased its stake in 361 Degree Minds, India's first OPM (Online Program Management) company, from 11.72% to 38.92% through a Rights Issue. The company has also appointed Prof S. Sadagopan as the non-executive Chairman of 361DM. The move is expected to accelerate the growth of 361DM under the guidance of Prof Sadagopan, who has extensive experience in Indian higher education.,
Key Highlights
- Increased stake in 361 Degree Minds to 39%
- Appointment of Prof S. Sadagopan as non-executive Chairman of 361DM
- Expected acceleration of 361DM's growth under Prof Sadagopan's guidance