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Educomp Solutions is currently trading at Rs. 150.40, up by 13.35 points or 9.74% from its previous closing of Rs. 137.05 on the BSE.
The scrip opened at Rs. 138.50 and has touched a high and low of Rs. 152.70 and Rs. 138.50 respectively. So far 1676215 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 465.50 on 08-Jul-2011 and a 52 week low of Rs. 128.05 on 04-Jun-2012.
Last one week high and low of the scrip stood at Rs. 152.70 and Rs. 128.30 respectively. The current market cap of the company is Rs. 1422.79 crore.
The promoters holding in the company stood at 49.50% while Institutions and Non-Institutions held 29.66% and 20.84% respectively.
Educomp Solutions’ board has approved a financing package of $155 million, which will be partly used to pay off its foreign currency convertible borrowings (FCCBs). Of the total $155 million raised, $111 million will be used for existing FCCB redemption of $78.5 million and balance as redemption premium, while the remaining $44 million will be used for capital expenditure and strengthening company's balance sheet.
The approved financial package includes $70 million under external commercial borrowings from IFC a member of World Bank Group and French development finance institution Societe De Promotion Et De Participation Pour La Cooperation Economique, under an 8.5 year facility.
It will also get $10 million via FCCB from IFC, convertible into equity at a 40% premium to floor price and up to $50 million by preferential allotment of shares to IFC, Proparco and Mount Kellett. The preferential allotment will be at Rs 149.16 a share, 10% premium to the floor price.
Educomp will also issue $15 million worth of equity and $40 million in warrants to its promoter group on a preferential basis. This will be at Rs 193.74 a share, a premium of around 44% to the share closing price on June 18.
| Company Name | CMP |
|---|---|
| Aptech | 223.15 |
| NIIT | 104.00 |
| Compucom Software | 34.40 |
| Jetking Infotrain | 58.50 |
| Educomp Solutions | 3.40 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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