Indian educational technology company BYJU’s has purchased after-school learning app Toppr and Great Learning, an upskilling platform.

Under the cash and stock deal, BYJU’s is paying $600 million to acquire Great Learning and another $150 million to buy Toppr, boosting BYJU’s international markets.

As part of the transaction, Great Learning’s existing shareholders, LMK Holdings Ltd. and Matrix Benefit Trust have been allotted Byju’s Series F preference shares worth circa $98 million, via a share swap.

Additionally, BYJU’s will be offering 17,036 Series F preference shares, approximately $57.2 million, on the higher end of the price band, to Toppr’s existing shareholders.