wordpress blog stats
Connect with us

Hi, what are you looking for?

Educomp Sells Its 50% Stake in IndiaCan To Pearson; Selling To Consolidate

Education company, Educomp has sold 50% of its stake in IndiaCan, a vocational training business to Pearson, its JV partner in the venture,  according to BSE filing. IndiaCan is a JV that was started between Educomp and Pearson in 2009 to tap on the vocational training market in India. Educomp in its press release has stated that this move is part of their "consolidation strategy", a third in a series of exits from non-core businesses. The company says that this stake sale has been made to avoid the need to fund losses and other capital needs of a non-core business. It is not clear if IndiaCan has been making losses that Educomp has not been able to fund. Educomp's Consolidation:  Educomp further plans to focus on digital content & IP offering and asset backed offerings like schools and colleges.  Note that…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ