Summary:
He said: “We cannot say it’s been sold… but there is some change in the People Combine management. HYDERABAD: One of Hyderabad's best known private schools - Oakridge International - has been bought over by the Hong Kong-based company, Nord Anglia Education Although the school management refused to give details of the deal, top sources in the education sector said the chain of schools has been taken over for an estimated Rs 1,500-1,600 crore. The transaction, one of the biggest in the sector in Hyderabad, concluded only weeks ago.Apart from two campuses in Hyderabad - at Gachibowli and Bachupally - Oakridge International also has a branch each in Visakhapatnam , Bengaluru and Mohali. We will let you know details later.” While it has an expansive footprint across Asia, Europe, the US and the Middle East, Nord Anglia Education does not have a venture in India.When contacted, Rajasekhar refrained from commenting on the financial details of the deal but admitted to a shift in management..