SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Educomp Solutions gets nod for financing package of $155 million

20 Jun 2012 Evaluate

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.

Educomp Solutions Share Price

0.94 0.04 (4.44%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Excelsoft Technologi 91.78
Aptech 99.42
NIIT 71.46
Compucom Software 14.30
Jetking Infotrain 123.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×