Cox and Kings' board has entered into an agreement to sell its education business to Midlothian Capital Partners for all cash enterprise value of | 4387 crore (i.e. 467 million). The focus on asset light strategy and reduction in debt burden remain the key main criteria behind this move as education is a capex heavy business. This division reported revenue and EBITDA of | 613 crore and | 242 crore, respectively for FY18. Post this deal, the overall debt burden will come down from | 3907 crore to | 1507 crore. Again, with the transfer of | 250 crore debt to its de-merged entity...