Indian firm set to invest $1bln to buy schools in UAE, Asia
Timilehin Adejumobi
1 min read
India-based JV Ventures plans to invest $1 billion to acquire at least 12 to 15 schools across Asia and the UAE in the next three years.
The Hyderabad-based firm is looking at opportunities in Bahrain, Oman, Vietnam, Malaysia, Thailand and the Philippines, The Times of India reported, citing co-founder Jasmeet Chhabra.
“We are in the advanced stages of discussion with the first batch of schools and are likely to close them soon,” he said.
The schools in the pipeline are top-line institutions providing international curricula (IB, Cambridge, etc.), with an average annual fee ranging between $12,000 and $25,000.
“Dubai alone has over 280 of these schools that have students from India, Russia, Ukraine, Pakistan along with kids of the local expatriate population,” Chhabra added.
Currently, the company’s portfolio includes Jain Group of Institutions (Bengaluru), Sancta Maria (Hyderabad) and student housing projects at an investment worth $250 million, the news report said.
This report’s information was first seen on ZAWYA; to read more, click this link.
