Educomp Solutions has obtained a sanction towards buy out of its receivables from one of the leading public sector banks. The gross amount of the sanction is Rs 410 crore and has come at a limited recourse of 20%.
With this sanction the company validates the acceptance of its securitization program at reduced recourse as well as high credit of school receivables. It is also expecting sanctions from other banks towards the securitization program in due course.
Educomp Solutions is engaged in providing digital educational content in the classroom through its patented product ‘SmartClass’ and ICT. The company is also engaged in providing vocational, higher education and professional development, K-12 schools and online, supplementary and global education business.
| Company Name | CMP |
|---|---|
| Excelsoft Technologi | 91.37 |
| Aptech | 88.25 |
| NIIT | 68.20 |
| Compucom Software | 14.02 |
| Jetking Infotrain | 130.61 |
| View more.. | |
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