Crizac Invests ₹1.24 Cr in Edument Consultancy

Crizac Limited has entered into definitive agreements to invest approximately Rs. 1,24,76,944 in Edument Consultancy Private Limited. The investment will be made through the acquisition of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCD) from existing investors. This strategic investment aims to leverage Edument's expertise in AI-led student mobility infrastructure and cross-border education financing, bringing complementary offerings to Crizac's existing customer base. The transaction is expected to be completed by August 12, 2026, and will result in Crizac holding 37.41% of Edument's fully diluted share capital. The acquisition is not a related party transaction and does not require specific governmental or regulatory approvals.