Olatech Solutions Invests in Skillsbiz Education for Business Growth in Edtech

Olatech Solutions Ltd. has approved an investment of 25.00% in the paid-up equity share capital of M/s. SKILLSBIZ EDUCATION PRIVATE LIMITED. Skillsbiz Education is in the business of educational institutions like school, college, coaching classes, and more. The investment is aimed at business growth in the edtech sector and venturing into new avenues. The acquisition is not a related party transaction and does not require any governmental or regulatory approvals. The cost of acquisition is Rs. 10/- per share, and Olatech Solutions Ltd. has acquired equity shares at the same price. Post-investment, the Company holds 25% of the equity shareholding of Skillsbiz Education Private Limited.