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THE Singapore Exchange has granted Raffles Education Corporation a waiver from seeking shareholders' approval for its proposed acquisition of Educomp-Raffles Higher Education Limited (ERHEL), said the company on Friday.
Raffles Education had earlier announced that its subsidiaries, Raffles Education Investment (India) Pte Ltd and Raffles Design International Pvt Ltd, were looking to acquire the remaining 41.82 per cent equity interest in ERHEL from Educomp Asia Pacific Pte Ltd and Educomp Professional Education Limited.
Raffles Education currently holds the remaining 58.18 per cent equity interest of ERHEL.