Milestone Religare Investment Advisors Pvt Ltd, a joint venture between Milestone Group & Religare Enterprises is pleased to announce the completion of its first tranche of Rs. 250 million investment in IMS Learning Resources Pvt Ltd. This investment has been made from the India Build-Out Fund – 1, which is a Rs. 600cr sectoral private equity fund that focuses on education & healthcare.
Rajesh Singhal, Managing Partner at Milestone Religare Investment Advisors Pvt. Ltd, who will be joining the board of IMS said, “We are proud to be associated with IMS the leading education player in India. Given that the education sector is on a positive growth path, we feel that IMS can play a major role in shaping up the same and take advantage of this tremendous opportunity. We are extremely excited for this partnership with IMS and are very happy to partner with a very capable management team”.
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