NSE IT completes sale of digital exam assessment business to CL Educate

NSE IT, an arm of the National Stock Exchange of India (NSE), has announced the successful closure of the sale of its digital exam assessment (DEX) business to CL Educate.

DEX is the second-largest player in India’s digital assessments space, with a relative market share of over 20 per cent. The DEX business provides solutions across recruitment and promotion exams, professional certifications, vocational assessments, and entrance exams.

The sale is valued at Rs 230 crore, with an additional earn-out of Rs 75 crore linked to FY25 performance.