Bharti Group sold its Stake in Centum Learning to Everonn Education

Leading Indian business house the Bharti group sold its group company Centum Learning to Everonn Education. As per the terms of the transaction the Bharti group will receive a combination of cash and equity shares in Everonn. The deal of the size was, however, not revealed by the Bharti group. The deal is in line with the company’s stated objective of concentrating its energy in core businesses.

BSE-listed Everonn is now run by the Dubai-based Varkey Group/GEMS Education after Everonn's former managing director P Kishore was forced to step down on accusations of bribery by the CBI. The company provides end-to-end training programmes and skill development solutions.

With this acquisition, Everonn will aim to expand its reach in the Indian training space by adding corporate training, the flagship product of Centum, as a new vertical.