Educomp trades jubilantly on long term debt restructuring plan

09 Jul 2013

Educomp Solutions is currently trading at Rs. 37.25, up by 3.35 points or 9.88% from its previous closing of Rs. 33.90 on the BSE.

The scrip opened at Rs. 35.50 and has touched a high and low of Rs. 37.25 and Rs. 35.50 respectively. So far 19210 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 182.70 on 05-Oct-2012 and a 52 week low of Rs. 31.75 on 14-Jun-2013.

Last one week high and low of the scrip stood at Rs. 38.95 and Rs. 33.60 respectively. The current market cap of the company is Rs. 456.09 crore.

The promoters holding in the company stood at 37.30% while Institutions and Non-Institutions held 30.28% and 32.42% respectively.

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.

Related Educomp Solutions Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323