ICICI Bank Limited has acquired a 9.09 per cent stake in the online school management platform Myclassboard Educational Solutions, through a cash consideration of INR 4.5 crore..ICICI Bank has acquired 100 equity shares and 104,890 Cumulative Compulsorily Convertible Preference Shares of MyClassBoard on a fully diluted basis..Vertices Partners advised ICICI Bank with a team led by Founder Partner Archana Khosla Burman along with Associate Partners Sohini Mandal and Vishal Mehta..Managing Partner Vinayak Burman provided strategic inputs..Tempus Law represented MyClassBoard with a team comprising Associate Asmita Murali.
ICICI Bank Limited has acquired a 9.09 per cent stake in the online school management platform Myclassboard Educational Solutions, through a cash consideration of INR 4.5 crore..ICICI Bank has acquired 100 equity shares and 104,890 Cumulative Compulsorily Convertible Preference Shares of MyClassBoard on a fully diluted basis..Vertices Partners advised ICICI Bank with a team led by Founder Partner Archana Khosla Burman along with Associate Partners Sohini Mandal and Vishal Mehta..Managing Partner Vinayak Burman provided strategic inputs..Tempus Law represented MyClassBoard with a team comprising Associate Asmita Murali.