Media & Events
Shardul Amarchand Mangaldas & Co. Advises CL Educate Limited on INR 230 Crore Acquisition of NSEIT Limited
March 3, 2025
Shardul Amarchand Mangaldas & Co. advised CL Educate Limited in relation to the acquisition of 100% share capital of NSEIT Limited from NSE Investments Limited. The deal is valued at approximately INR 230 crores.
NSEIT Limited, a step-down subsidiary of the National Stock Exchange of India Limited, is involved in digital examination business, comprising end-to-end digital examination services, including inter alia recruitment and promotion for digital examinations, professional and vocational certification digital examination services, pre-exam period preparation, conducting of digital exams and post-exam period assessment.
The acquisition marks a significant step in CL Educate’s strategic diversification within the education and tech sector and expansion into the digital assessment space.
The transaction team was led by Sadia Khan, Partner; Suraj Meher, Principal Associate; Anubhav Anand, Deputy Manager; and Nipun Kalra, Associate.
The Banking & Finance Team was led by Shubhangi Garg, Partner; Adheesh Agarwal, Senior Associate; and Dhwanit Rathore, Associate.
The Stock Exchange related Disclosures were handled by Manjari Tyagi, Partner and Aditi Gupta, Senior Associate.
Natashaa Shroff, Partner advised CL Educate on the capital reduction application.
