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UpGrad set to close Unacademy acquisition in three weeks; deal valued at Rs 1,955 Cr

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  1. upGrad to close acquisition of Unacademy within three weeks, deal valued at Rs 1,955 crore.

  2. All institutional investors have signed the Share Subscription Agreement (SSA), and angel investors have signed the Share Purchase Agreement (SPA).

  3. Unacademy co-founder Gaurav Munjal will remain CEO after the merger.

  4. Unacademy's existing investors will receive one board seat in upGrad after the transaction.

  5. Regulatory clearance from the Competition Commission of India (CCI) has been obtained for the acquisition.

9h ago · original ↗
UpGrad set to close Unacademy acquisition in three weeks; deal valued at Rs 1,955 Cr · in5points