It continues to be a steep learning curve for Everonn Education. After the company's managing director was arrested in bribery and tax evasion case, its largest shareholder also is under the taxman's scanner, reports CNBC-TV18’s Mitra Joshi and Kritika Saxena.
The World’s largest K-12 education company, Dubai-based Varkey group’s “Gems Education”, with over 50 years of experience in education, will join India’s education solutions provider, Everonn Education Limited as strategic investor.
A fund managed by JPMorgan Chase & Co has agreed to invest about USD 400 million in India's SKIL Infrastructure for a stake of just under 20%, two sources with direct knowledge of the development told Reuters.
A fund managed by JPMorgan Chase & Co has agreed to invest about USD 400 million in India's SKIL Infrastructure for a stake of just under 20%.
SKIL Infrastructure on Tuesday filed with regulators to raise up to Rs 11.25 billion (USD 251.8 million) in an initial public offering, a draft document showed.