Crizac Limited Expands UK Presence with Acquisition of Nova Consultancy
Education services company acquires Sheffield-based consultancy to strengthen international student recruitment business
Crizac Limited (NSE: CRIZAC | BSE: 544457) has announced the acquisition of 100% equity share capital of Nova Consultancy Limited, a United Kingdom-based international education consultancy, through its wholly owned subsidiary Crizac UK Limited.
The acquisition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and represents another step in the company’s strategy to expand its global education services network.
Acquisition Details
Under the transaction, Crizac UK Limited will acquire the entire equity share capital of Nova Consultancy Limited for a total cash consideration of £742,378 (approximately ₹8 crore).
Key transaction highlights:
- Acquirer: Crizac UK Limited (Wholly Owned Subsidiary)
- Target Company: Nova Consultancy Limited
- Location: Sheffield, United Kingdom
- Stake Acquired: 100% equity share capital
- Purchase Consideration: £742,378 (approximately ₹8 crore)
- Mode of Payment: Cash, payable in one or more tranches
- Expected Completion Date: On or before October 15, 2026
About Nova Consultancy Limited
Nova Consultancy Limited was incorporated on August 19, 2004, and operates in the international education, student recruitment, and education marketing consultancy sector.
The company provides overseas education consulting and student recruitment services, supporting educational institutions and students across international markets.
Financial Performance of the Target Company
Nova Consultancy reported the following turnover:
- FY26: £442,360
- FY25: £386,514
- FY24: £590,632
Strategic Rationale
The acquisition is expected to strengthen Crizac’s international education consulting platform by expanding its presence in key overseas markets.
According to the company, the transaction will:
- Enhance its education consultancy capabilities in the United Kingdom.
- Support expansion into new destination markets, including the Netherlands.
- Strengthen operational reach in Mexico.
- Expand its global student recruitment network and international partnerships.
The acquisition aligns with Crizac’s long-term strategy of building a diversified international education services business through both organic growth and strategic acquisitions.
Regulatory Disclosure
Crizac clarified that the acquisition is not a related-party transaction, and neither the company’s promoters nor promoter group entities have any financial interest in Nova Consultancy Limited.
Upon completion of the transaction, Nova Consultancy Limited will become a wholly owned subsidiary of Crizac UK Limited and an indirect wholly owned subsidiary of Crizac Limited.