Everonn Education Limited (Everonn), a part of Varkey Group /GEMS Education – Dubai, is planning to acquire Centum Learning Limited, a privately held company of the Bharti group, which is into training programmes and skill development solutions, in a cash and stock transaction, according to reports.
Reports stated that Everonn will acquire all the issued and paid-up share capital of Centum while the Bharti Family Office will receive a combination of cash and equity shares in Everonn.
No financial details were shared by the two companies, says report.
Reports also stated that the deal is part of the Bharti group's plans to exit non-core businesses