Acquisitions19 Apr 2024, 02:03 pm
Happiest Minds Acquires 100% Equity of Macmillan Learning India for Rs. 4.5 Crores
AI Summary
Happiest Minds Technologies Ltd has announced the execution of a Share Purchase Agreement to acquire 100% equity interest in Macmillan Learning India Private Limited for Rs. 4.5 crores. Macmillan Learning India, headquartered in Bengaluru, India, is a wholly owned subsidiary of the Macmillan group, USA, and provides software development services to the Macmillan group. The acquisition is expected to strengthen Happiest Minds' already strong Edutech vertical and make it a strategic partner for the Macmillan group outside its main line of business. The acquisition is expected to be completed by April 30, 2024.
Key Highlights
- Happiest Minds acquires 100% equity interest in Macmillan Learning India
- The acquisition is valued at Rs. 4.5 crores
- Macmillan Learning India is a subsidiary of the Macmillan group, USA
- The acquisition strengthens Happiest Minds' Edutech vertical
- Expected completion by April 30, 2024