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$70M investment in Chaitanya by New Silk Route

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Around INR 325 crore will be invested by the private equity $1.4 billion New Silk Route (NSR) in Hyderabad-based Sri Chaitanya Educational Group, known to be one of the country's largest network of private schools and junior colleges. This has been noticed as the biggest foreign investment in India's education section. Around 160 institutions are being run by Sri Chaitanya, mostly in Andhra Pradesh, including 116 schools and junior collages . The 25-year-old group had mandated Ernst & Young to raise funds after spurning buyout offer from a large southern corporate house with interest in education.

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