CL Educate will also make a binding offer, with an additional Rs 75 crores payable upon achieving certain business milestones.
Shares of CL Educate, which gained 26% in the last two weeks, closed at Rs 97.99, up 3.3% on Friday.
NSEIT Limited, a wholly-owned subsidiary of NSE Investments and a step-down subsidiary of NSE, managed DEX. DEX provides consultancy services and technical collaboration in automating end-to-end online examinations, testing, development, online surveys, question bank management, online applications and registrations and so on. For the year ending March 31, 2024, DEX reported a turnover of approximately Rs 200 crores.
NSE decided to exit its non-core businesses, including technology and education, at a board meeting held on November 5, 2022. In March, it sold NSEIT’s digital technology business and its subsidiaries NSEIT US, Aujas Cybersecurity, and CXIO Technologies to Investcorp, a leading global manager of alternative investments based in the US.
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