Sunday, 24 February 2013
Deal Alert: Pearson hikes TutorVista stake to 100%
Posted on 20:04 by Unknown
Media and publishing firm Pearson has acquired the remaining 20% stake in TutorVista. It now completes 100% ownership in the Bangalore-based learning services company.
In 2011 Pearson acquired 80% stake in the then five-year-old TutorVista for Rs.577 crore, valuing it at around Rs.1,000 crore. As per the agreemen, promoter Ganesh had to sell the balance 20% in a maximum period of three
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