Navneet Education Limited has disclosed that its subsidiary, Navneet Learning LLP, entered into an agreement on July 17, 2026 with Kenro Capital Education Affiliates II Pte Ltd and Kenro Capital Fund I for divestment of its partial stake in K12 Techno Services Private Limited.
The expected consideration for this partial stake divestment is INR 329.68 crores.
Financial Metrics of Navneet Learning LLP
- Turnover for the period ended March 31, 2026: Nil
- Net worth as on March 31, 2026: INR 79.49 crores (all amounts rounded off)
- The net worth represents 3.89% of the consolidated net worth of Navneet Education Limited as per its last audited consolidated financial results as on March 31, 2026
Transaction Details
- Agreement execution date: July 17, 2026
- Expected completion timeline: Approximately 4 weeks from the date of agreement, subject to satisfaction of customary conditions as per the agreement
- Transaction does not qualify as a related party transaction
- Transaction is not with a related party and is done at arm's length
Buyer Information
- Kenro Capital Education Affiliates II Pte Ltd: Singapore-based investment vehicle affiliated with Kenro Capital, a specialist secondaries investment firm with AUM over USD 100 million, focused on growth stage companies across India and Southeast Asia in consumer, financial services, healthcare, and technology sectors
- Kenro Capital Fund I: Scheme of Kenro Capital Trust, a SEBI registered Category II Alternate Investment Fund, affiliated with Kenro Capital with similar investment focus