ICICI Bank to acquire 9.09% stake in ed-tech platform Myclassboard Educational Solutions
- Private sector lender ICICI Bank has announced to acquire 9.09 percent stake in educational technology platform Myclassboard Educational Solutions Pvt Ltd (MESPL) for cash value of Rs 4.5 crore.
- The acquisition is expected to be completed by end of February 2021.
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MESPL is an educational technology company set up in December 2009, which offers an online school management platform.
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It reported turnover of Rs 12 crore in FY 2020.
Source: ICICI Bank