Coaching institute Arihant Academy has acquired a 51% stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore.
The acquisition aims to expand Arihant Academy's academic portfolio in the Mumbai Metropolitan Region and cater to a larger student base.
The merger of ZEAL Academy's local expertise with Arihant Academy's teaching methods aims to create a comprehensive learning experience and a stronger educational framework.
ZEAL Academy specializes in coaching for IIT, JEE (Mains & Advanced), and NEET, while Arihant Academy provides coaching for SSC, ICSE, CBSE, Science & Commerce.