CLSA Buys $22M Stake in Resonance Eduventures

The private equity arm of brokerage firm CLSA has put $22 million into Indian education company Resonance Eduventures, Reuters reported. The firm sealed a minority stake in the company. Resonance, founded in 2001, is one of India's largest test preparation coaching institutes, focusing on entrance exams for engineering and medical sciences, Reuters wrote.

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