Crizac gets nod to acquire 51.04% stake of GTCPL
Consequent to the completion of the aforesaid acquisition, GTCPL will become a subsidiary of the Company
Crizac has received approval from Board of Directors for acquisition of 51.04% of the Equity share capital of Global Tree Careers (GTCPL). The said acquisition is subject to fulfilment of customary conditions precedent, including such other conditions as mutually agreed between the parties. Consequent to the completion of the aforesaid acquisition, GTCPL will become a subsidiary of the Company.
The acquisition is undertaken as part of the Company’s strategy for business expansion. The board of directors at its meeting held on January 7, 2026 has approved the same.
Crizac is a B2B (Business to Business) education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand.
