Business Daily from THE HINDU group of publications
Friday, Jul 31, 2009
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Business Daily from THE HINDU group of publications Friday, Jul 31, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Markets
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Asset Management Companies Info-Tech - Venture Capital Our Bureau Mumbai, July 30 Private equity arm of Franklin Templeton Asset Management (India) has invested Rs 50 crore in Rajasthan-based Career Point Infosystems Ltd. “The investment was made by Franklin Templeton Private Equity Strategy (FTPES), a private equity portfolio of Franklin Templeton India,” a release issued by the company said. Career Point is engaged in coaching for entrance exams of IITs, NITs and other engineering colleges and universities. It is present in 29 cities through a mix of company run as well as franchisee operations. “The funds will be used for expanding its operations and enter into other areas of education,” the release said. To become a complete learning solutions provider, Career Point is now entering into Kindergarten to Grade-12 (K-12 School) and higher education (university) space. More Stories on : Asset Management Companies | Venture Capital
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