Educomp Solutions gets nod to raise $250 million

Educomp Solutions has received its board’s approval to raise further capital by issuance of the long term securities including inter-alia amongst others International Bonds up to $250 million with a sub-limit thereof for raising money through equity linked instruments upto $75 million.

The company’s board has also given approval to increase the authorize share capital of the company from existing authorized share capital of Rs 30 crore to Rs 40 crore. 

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.