The Bharti group has sold off its group company Centum Learning to Everonn Education and made its exit from the education business.
The deal is in line with their objective of focusing on core businesses and exiting non-core businesses.
The Bharti Family Office, which manages investments made by the promoters of the group in their personal capacity, will receive a combination of cash and equity shares in Everonn. The size of the deal is not disclosed by the Bharti group.
With this acquisition, Everonn will expand its reach in the Indian training space by adding corporate training, the flagship product of Centum, as a new vertical.