Corporate News     23-Mar-15
MT Educare concludes sale & lease back of its Mangalore Pre-University (PU) Campus
For Rs 55 crore
MT Educare announced that it has concluded the sale and lease back of its Mangalore Pre-University (PU) Campus. The sale deed has been entered into, for a sale consideration of Rs 55 crore, which shall be paid on or before 31 March 2015. The sale and lease back deal entails continuation of the Company's operating and management rights in the premises for a period of 30 years with an initial 15 years lock in period.
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