Resonance Eduventures plans to raise Rs500 crores via IPO

Report said that CLSA Capital Partners, the private equity arm of brokerage CLSA, had invested $22 mn (Rs 140 crore) for a minority stake in Resonance Eduventures in 2011.

Dec 31, 2014 03:12 IST India Infoline News Service

Test preparation and coaching institute Resonance Eduventures is planning an initial public offering to raise around Rs 500 crore, according to reports.

Report said that CLSA Capital Partners, the private equity arm of brokerage CLSA, had invested $22 mn (Rs 140 crore) for a minority stake in Resonance Eduventures in 2011.

Resonance trains students for competitive entrance exams like IIT-JEE, AIEEE and AIPMT through classroom contact programmes.

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