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UpGrad and Unacademy file with CCI for merger as deal price shrinks sharply
Startups
Published on 7 May 2026
The all stock deal values Unacademy far below 2021
UpGrad and Unacademy have applied to India’s CCI for antitrust clearance for their proposed merger. In an all-stock transaction, UpGrad plans to acquire Unacademy, valuing the test-prep firm at Rs 2,055 crore. That figure represents a steep markdown from its 2021 peak, and the companies expect the deal to close in June–July.
- UpGrad and Unacademy seek CCI approval for their merger
- The acquisition will be structured as an all-stock deal
- Unacademy is valued at Rs 2,055 crore, well below 2021 peak
- The merger process is expected to wrap up by June–July
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times