India's richest tech billionaire and Wipro boss Azim Premji is set to invest Rs 900 crore ($150 million) for over 10% stake in Manipal Global Education Services, people directly familiar with the matter said.
PremjiInvest, the proprietary investment fund of the Wipro chairman, is in the final lap of deal making, which could be announced soon. This will be the single largest investment by Premji, 69, with estimated net worth of $16 billion and broader interests in the education sector.
Manipal Global, the for-profit education arm of the Bangalore headquartered Manipal Education and Medical Group (MEMG), operates a string of overseas campuses stretching from the Caribbean to Malaysia. India's largest education services company also operates test and assessment centers, skills development platforms and employment exchanges.
PremjiInvest, the proprietary investment fund of the Wipro chairman, is in the final lap of deal making, which could be announced soon. This will be the single largest investment by Premji, 69, with estimated net worth of $16 billion and broader interests in the education sector.
Manipal Global, the for-profit education arm of the Bangalore headquartered Manipal Education and Medical Group (MEMG), operates a string of overseas campuses stretching from the Caribbean to Malaysia. India's largest education services company also operates test and assessment centers, skills development platforms and employment exchanges.
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