The Graduate Management Admission Council (GMAC), which conducts GMAT, has acquired the entrance test, the NMAT exam conducted by Mumbai’s Narsee Monjee Institute of Management Studies..BMR Legal advised GMAC with a team led by Partner Amit Khansaheb along with Senior Associate Abhishek Dubey and Associate Rahul Chugh..Amarchand Mangaldas (Mumbai) acted for Narsee Monjee with a team led by Partners Yash Ashar and Anshuman Jaiswal along with Principal Associate Saurya Bhattacharya and Associate Nandini Seth..GMAC will assume ownership and management of the NMAT and the exam will be re-titled the ‘NMAT by GMAC’. This is its first ever acquisition of a test asset anywhere in the world, reports Business Standard..GMAC wants to localize its offering to Indian business schools and tap the domestic market. The company aims to make NMAT a round-the-year test like GMAT and may allow the score to have a longer shelf life than the current one year, according to Mint.
The Graduate Management Admission Council (GMAC), which conducts GMAT, has acquired the entrance test, the NMAT exam conducted by Mumbai’s Narsee Monjee Institute of Management Studies..BMR Legal advised GMAC with a team led by Partner Amit Khansaheb along with Senior Associate Abhishek Dubey and Associate Rahul Chugh..Amarchand Mangaldas (Mumbai) acted for Narsee Monjee with a team led by Partners Yash Ashar and Anshuman Jaiswal along with Principal Associate Saurya Bhattacharya and Associate Nandini Seth..GMAC will assume ownership and management of the NMAT and the exam will be re-titled the ‘NMAT by GMAC’. This is its first ever acquisition of a test asset anywhere in the world, reports Business Standard..GMAC wants to localize its offering to Indian business schools and tap the domestic market. The company aims to make NMAT a round-the-year test like GMAT and may allow the score to have a longer shelf life than the current one year, according to Mint.