Oakridge's international deal: Hong Kong firm buys it for nearly Rs 1,600 crore

  • | Friday | 22nd February, 2019

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. It is managed by People Combine, an education management and consulting company set up about two decades ago by two Indian School of Business (ISB) alumnus Naga Prasad Tummala and Y V Rajasekhar. 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.

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. It is managed by People Combine, an education management and consulting company set up about two decades ago by two Indian School of Business (ISB) alumnus Naga Prasad Tummala and Y V Rajasekhar.

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