CL Educate to acquire stake in Accendere

New Delhi-based education services company CL Educate has received approval from its board to acquire a 49% stake in Accendere Knowledge Management Services.

It also received approval to enter into definitive agreement with respect to the acquisition of ETEN Test Prep Business.CL-Educate

Accendere provides a research incubator product to help academics publish their papers.

Gaja Capital backed CL Educate’s business comprises test preparation and training services business Career Launcher, publishing and content development; vocational training programmes and operating K12 schools under the Indus World Schools brand.

It launched its IPO at the end of March.

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