Aditya Birla Group in Talks to Acquire IL&FS’s Education Arm
Indian conglomerate Aditya Birla Group is eyeing to acquire the education and training arm of Infrastructure Leasing and Financial Services Ltd (IL&FS). The arm is known as IL&FS Education and Technology Services (IETS).
IETS is a wholly owned subsidiary of IL&FS and operates computer labs in government schools under the build-own-operate (BOO) model. It manages 16,000 schools in 11 states and also offers vocational skills training to youth funded by governments and corporates.
Last year, the company trained nearly 300,000 candidates and was the biggest such trainer under the Pradhan Mantri Kaushal Vikas Yojana which is the Indian government’s skill development programme.
The company is operational in 17 countries in the Middle East and North Africa and South and South...