Avendus Capital advises NSEIT,the Digital Examination Assessment (DEX ) Business of the National Stock Exchange of India on its acquisition by CL Educate

This transaction demonstrates NSE’s intent to focus on its core business and divest from non-core business areas. We are pleased that CL Educate (CLE), which has extensive experience in test preparation and higher education services, is acquiring NSE’s DEX business. The acquisition of DEX business by CLE is a testament to the quality and potential of the business NSE has built.

This acquisition is a transformative step in CL Educate’s journey, enabling us to bring cutting-edge digital assessment solutions to students, institutions and corporates worldwide with the proven capabilities of DEX. We believe this move aligns with our mission to make education accessible and impactful. Together, we aim to redefine the future of assessments with innovation and scalability.

Digital assessments are increasingly becoming pivotal amidst growing need for high quality entrance exams being conducted at scale. NSEIT has built cutting-edge technology and capabilities to deliver digital exams at scale in a secure environment. The combination with CL Educate will help it strengthen its position in the market by helping it tap its expansive network and expertise. We are seeing a resurgence in consolidation in EdTech / Education with a strong interest for profitable assets like NSEIT.