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Tuesday, June 24, 2014

MT Educare enters into long term partnership arrangement with Sri Gayatri Educational Society
[Edior: Buy Birla Shloka Edutech Ltd at Rs.5-5.25 for a target over Rs.10. Kumar Mangalam Birla is slowly entering B K Birla Group of companies. There are chances that he might to take active interest in Yash Birla Group too, after his much talked about funding]
MT Educare Limited (MTEL) through its subsidiary, has entered into a long term partnership arrangement with Sri Gayatri Educational Society (Sri Gayatri). Under this arrangement, MTEL will provide to Sri Gayatri, its expertise in teacher training, study material, technology aided teaching methods and in development of digital content on the lines of "Robomate".

While commenting on the arrangement, Mr. Mahesh Shetty, Chairman and Managing Director of MTEL said, "We are happy to announce this partnership with Sri Gayatri. Together we jointly plan to tap the growing potential in the Engineering and Medical aspirants market through various technology initiatives. With the increasing student focus on commerce streams in the two states of Andhra Pradesh and Telangana, MTEL's presence in the XI-XII commerce market will help Sri Gayatri extend its reach to a wider target audience".

Courtesy: Equity Bulls 
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