Mint Explainer: Unacademy Bid Given Heft by Unusual Exit Penalty Clause

UpGrad and Unacademy Rekindle Acquisition Talks

UpGrad, an edtech firm, has revived its plans to acquire rival Unacademy after a previous attempt was shelved in January due to valuation differences. The two companies have reportedly signed a term sheet for an all-stock deal.

According to sources, the term sheet outlines the terms and conditions of the proposed acquisition, paving the way for a potential deal. This marks a significant development in the ongoing negotiations between the two firms.

Read also: Market Analysis: Key Stocks to Watch - Narayana Hrudayalaya, ABB India, Federal Bank, Premier Energies, Ather Energy and More