India: Blackstone to acquire over 60% stake in Simplilearn for $250m

India: Blackstone to acquire over 60% stake in Simplilearn for $250m

Photo: Bloomberg

Global private equity firm Blackstone Monday announced that it is investing $250 million in Indian online education company Simplilearn Solutions Pvt Ltd to acquire a controlling stake.

The investment will give Blackstone control of over 60% of the stake in the Bengaluru-headquartered firm, one of the oldest in the online higher education space in India.

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