Educomp Solutions’ (ESL) subsidiary - Educomp Infrastructure & School Management (EISML) has received board’s approval to raise funds up to Rs 105 crore. The company will raise funds through fresh issue of secured redeemable non convertible debentures on private placement basis.
Recently, Educomp Infrastructure & School Management was planning to roll-out 100 new schools across the country in next couple of years entailing an investment of around Rs 1,500 crore.
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.
