Educomp plans long term debt restructuring

08 Jul 2013

Educomp Solutions, India's leading education company, has approached Corporate Debt Restructuring (CDR) forum to restructure its rupee debt to correct the asset liability mismatch on its Balance Sheet. The Company has also approached CDR forum for restructuring of debt in its K-12 business (2nd major business, operated through its Subsidiary - Educomp Infrastructure and School Management).

The debt-restructuring exercise will enable the Company to comprehensively address the liquidity issues by matching the maturity profile of debt with the relatively long-term nature of its investments. Further, the restructuring exercise will also allow the company to focus on and strengthen its core operations.

Educomp Solution provides learning solutions to schools, governments, teachers, students and parents. It has research and development center located at Noida that creates quality products and services. The solution is based on education principles that help them to design education systems.

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