Coaching institute Arihant Academy acquires 51% stake in Zeal Academy

Mumbai-based coaching institute Arihant Academy has acquired a 51% stake in Navi Mumbai-based Zen Educational and Learning (Zeal Academy) at a valuation of INR 17 crore.Zeal Academy provides coaching for competitive entrance tests such as IIT JEE (Mains & Advanced) and NEET. Arihant provides coaching for SSC, ICSE, CBSE, Science & Commerce and is listed on the NSE SME platform.