Threesixtyone Degree Minds Consulting Pvt. Ltd. agreed to acquire 73.5% stake in ICE Gate Educational Institute Private Limited from CL Educate Limited for INR 63.6 million.

Threesixtyone Degree Minds Consulting Pvt. Ltd. agreed to acquire 73.5% stake in ICE Gate Educational Institute Private Limited from CL Educate Limited (NSEI:CLEDUCATE) for INR 63.6 million on March 30, 2024. As of March 31, 2023, ICE Gate Educational Institute Private Limited reported net worth of INR -1.6 million and turnover of INR 12.3 million.

The deal is subject to approval from shareholders of Threesixtyone Degree Minds Consulting Pvt. Ltd. The deal is expected to be completed on or before May 15, 2024.