Educomp Solutions to invest in Edu Infra and Edu Manage

Educomp Solutions Ltd has announced that the Company has subscribed equity in Educomp Infrastructure Pvt Ltd (Edu Infra) & Educomp School Management Ltd (Edu Manage). The Company is now in the process of making payments for the same. After the shares have been fully paid for, the Company will hold 69.38% & 68% of the outstanding paid up equity capital of Edu Infra & Edu Manage respectively. Educomp investment in EduInfra & Edu Manage will be Rs 50 Cr & Rs 5 Cr respectively.

EduInfra will help set-up K-12 schools & EduManage will provide specialized products and services to the schools.

EduInfra and EduManage will enable the Company to emerge as a core education provider in India's K-12 school sector.

The stock closed the day at Rs.1818.55, down by Rs.57.25 or 3.05%. The stock hit an intraday high of Rs.1893 and low of Rs.1807. The total traded quantity was 39089 compared to 2 week average of 234222.

Source : Equity Bulls

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