HT Media has entered into an agreement with an affiliate of Apollo Global, Inc. (USA), to participate in a 50:50 joint venture company which is intended to provide high quality educational services and programs in India. The closing under the joint venture is subject to reasonable and customary closing conditions, which are expected to be satisfied in the near future.
The venture between HTML and Apollo Global, a subsidiary of Apollo Group, Inc. (USA), is intended to address the urgent need in the country for quality educational services and the “education-employment mismatch” to help India's business community better train and empower employees for a 21st century global workplace.
Apollo Global was formed in 2007. Through the roster of services it provides, Apollo Global aims to broaden student opportunity, grow the knowledge base of the communities it serves and advance the educational landscape worldwide.
The company made this announcement on 05 December 2011.