New Silk to invest $70m in Chaitanya edu group – The Times of India

The $1.4 billion New Silk Route (NSR) Private Equity is close to investing Rs 325 crore or roughly $70 million , in Hyderabad-based Sri Chaitanya Educational Group, one of the country’s largest network of private schools and junior colleges, at least two persons familiar with the development said.

This could be till date among the biggest foreign investments in India’s education sector that is beginning to see a robust deal flow. NSR is an Asia-focused PE fund spearheaded by ex-McKinsey honcho Rajat Gupta, a former global head of Citi Victor Menezes and Parag Saxena.

(Via New Silk to invest $70m in Chaitanya edu group – The Times of India)

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