France's Babilou exiting Indian pre-school chain as business flounders

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French company Babilou has decided to exit its six-year-old bet on India’s education sector as it struck a deal to sell its stake in a local pre-school chain to a UK-headquartered school chain backed by a private equity firm.  Babilou, which provides daycare and childcare services, has sold its majority stake in Chennai-based ......