QInvest, Qatar’s leading investment bank, has acquired a stake in FIITJEE Ltd, India’s leading test preparation company for engineering and medical entrance examinations. Neither the acquisition cost nor the stake acquired is disclosed.
VCCircle had recently reported that the Delhi-headquartered company was raising another round of private equity including a partial stake sale by promoters. In July 2009, the company had raised Rs 100 crore from Matrix Partners. Via QInvest Picks Up Stake In Education Company FIITJEE – VCCircle