| ||Takeover of PLANSTEPS, a 14 Years Education Consulting and Carrier Counseling Firm for INR 45 million | 5/24/2011 2:59:57 PM|| |
| ||DMC Education Ltd has informed BSE about Takeover of PLANSTEPS, a 14 Years Education Consulting and Carrier Counseling Firm for INR 45 million.|
"The Board of Directors of the company in their meeting held on today decided the acquisition of a leading Kolkata based education management consultancy firm Plansteps for a total consideration of INR 45 million. The acquisition of Plansteps by DMC Education is by far one of the biggest acquisitions in the field of education consulting in India.
DMC’s decision to acquire Plansteps is primarily aimed at taking Career Counseling pan India which the acquired company offers and specializes for. Immediately after acquisition the DMC will have a ready network of offices of Plansteps in the seven sister states of India as well as Nepal, Bhutan covering the entire eastern part of India.
After the acquisition, the company has set a road map of expansion and plans take the counseling services pan India. It is eyeing to open more than 100 centers in next 3-5 years which would offer career guidance to the applicants.
The Board further confirms the appointment of Mr. Anuj Ahuja as the Group CEO of the Company." (For more details kindly refer Corporate Announcements on www.bseindia.com).