<article>Educomp Solutions Ltd has sold its entire 67 per cent stake in Vidya Mandir Classes Ltd and Fella Homes has bought rental startup LifePad.</article>

Educomp Solutions Ltd has sold its entire 67 per cent stake in Vidya Mandir Classes Ltd and Fella Homes has bought rental startup LifePad.
<h3>Educomp divests entire 67% stake in Vidya Mandir for $13M</h3>
Digital education provider <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=educomp" target="_blank">Educomp Solutions Ltd</a> has divested its entire 67 per cent stake in subsidiary <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Vidya+Mandir+Classes+Ltd" target="_blank">Vidya Mandir Classes Ltd</a> for Rs 90.56 crore ($13 million) following invocation of corporate guarantee by ICICI Bank to the company.
In a BSE disclosure on Tuesday, the company said, &#8220;our board has accorded its approval to divest its entire shareholding in Vidya Mandir Classes, a subsidiary of the company and Educomp Learning Hour Pvt Ltd, a step down subsidiary of Educomp.&#8221;
Educomp Solutions sold the stake in Educomp Learning Hour for Rs 9.5 lakh but the company did not disclose the buyer&#8217;s name. The digital education providing firm had acquired a strategic stake in Vidya Mandir back in 2010 for Rs 34 crore.
Last October, the company had <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/india-educomp-sells-entire-stake-in-wiz-learn-tech-to-v-cube-global-services-14556/" target="_blank">sold</a> its entire stake in Singapore-based Wizlearn Technology Pte Ltd to V-cube Global Services Pte. Ltd. for an undisclosed amount.
<h3>Fella Homes buys home rental startup LifePad</h3>
Fella Homes has acquired LifePad, a Noida-based home rental startup for an undisclosed amount.
&#8220;The deal was closed earlier this month and post-acquisition, the 10-member team of LifePad has joined Fella Homes, except for the co-founders. The startup will merge its operations with Fella Homes and rebrand under it,&#8221; according to a Yourstory <a style="color: #000080;" href="https://yourstory.com/2016/07/fella-homes-acquires-lifepad/" target="_blank">report</a>.
LifePad was started in Sept 2015 by Piyush Bhartiya and Rachit Agrawal.
Founded in 2015, Gurgaon-based Fella Homes is a technology-enabled home rental solution provider. The startup is creating an ecosystem of furnished rental homes suitable for bachelors, working professionals, students and families too.
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Educomp Solutions Ltd has sold its entire 67 per cent stake in Vidya Mandir Classes Ltd and Fella Homes has bought rental startup LifePad.

India Dealbook: Educomp divests stake in Vidya Mandir for $13m, Fella Homes buys LifePad

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India Dealbook: Educomp divests stake in Vidya Mandir for $13m, Fella Homes buys LifePad

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