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NSE IT completes sale of digital exam assessment business to CL Educate
The sale is valued at Rs 230 crore, with an additional earn-out of Rs 75 crore linked to FY25 performance
CL Educate plans global expansion after NSEIT's DEX business buy
Post this acquisition, it will enter the digital assessment market, which is projected to touch over Rs 13,000 crore in India by 2028
CL Educate makes poor debut; ends 17% below its IPO price
The stock listed at Rs 398 on the BSE, a 21% below its initial public offer price of Rs 502.