Pan India Broadband Wireless Access (BWA) Spectrum winner Infotel Broadband Services Ltd. (Infotel), a subsidiary of Reliance Industries Ltd., has acquired a 38.5% stake in Extramarks Education Pvt. Ltd. (Extramarks), a company focused on school education and digital learning. The investment in Extramarks has been made through an affiliate company Reliance Strategic Investments Ltd.
RIL Infotel Broadband also plans to offer fourth generation (4G) wireless networking services for Education, E-Learning and other advanced applications to the students.
According to RIL, the investment by Infotel will enable Extramarks pursue its aggressive growth plans in further developing services and wider market penetration. Extramarks’ digital distribution model will provide invaluable services to the student community across age groups including education support and study help at affordable prices.