IL&FS Education and Technology Services Ltd., the education unit of the IL&FS Group, said Wednesday it has raised INR1.72 billion from private equity company India Equity Partners.
The funding will help IL&FS Education and Technology Services achieve its medium-term growth targets, Hari Sankaran, managing director of IL&FS, said in a statement, without elaborating.
The partnership will help IL&FS Education and Technology Services gain a global presence, he added.
The company provides training to schools, colleges, vocational training institutes, to the government and the corporate sector.
IL&FS is an infrastructure development and finance company that implements commercial infrastructure projects.
Source: Easy Bourse