Key Developments: Educomp Solutions Ltd (EDSO.NS)

EDSO.NS on National Stock Exchange of India

28.90INR
28 Aug 2014
Price Change (% chg)

Rs-0.15 (-0.52%)
Prev Close
Rs29.05
Open
Rs28.80
Day's High
Rs29.30
Day's Low
Rs28.70
Volume
117,398
Avg. Vol
372,948
52-wk High
Rs43.35
52-wk Low
Rs17.40

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Latest Key Developments (Source: Significant Developments)

Educomp Solutions Ltd's subsidiary completes stake sale of in Gateforum Educational Services Private Ltd to ASK Pravi
Thursday, 28 Aug 2014 10:30am EDT 

Educomp Solutions Ltd:Says that M/s Educomp Online Supplemental Service Limited, subsidiary of Educomp Solutions Limited, has completed stake sale of entire 55.41 pct shareholding in Gateforum Educational Services Private Limited to ASK Pravi Private Equity Opportunities Fund (Ask Pravi).M/s. Educomp Online Supplemental Service acted through trustee IL & FS Trust Company Limited.  Full Article

Educomp Solutions Ltd's subsidiary sells stake in Gateforum Educational Services Private Ltd to ASK Pravi Private Equity Opportunities Fund
Sunday, 20 Jul 2014 10:18pm EDT 

Educomp Solutions Ltd:Says that M/s. Educomp Online Supplemental Service Ltd, subsidiary of Educomp Solutions Ltd, has executed definitive agreements to sell its entire 55.41 pct. shareholding in Gateforum Educational Services Private Ltd to ASK Pravi Private Equity Opportunities Fund.M/s. Educomp Online Supplemental Service acted through its trustee IL & FS Trust Company Ltd.  Full Article

Educomp Solutions Ltd announces exercise of options
Thursday, 3 Jul 2014 04:11am EDT 

Educomp Solutions Ltd:Allotted 16,250 equity shares to who have exercised their option.  Full Article

Educomp Solutions Ltd announces appointment of CFO
Monday, 26 May 2014 11:06pm EDT 

Educomp Solutions Ltd:Says Ashish Mittal has been appointed as chief financial officer of the company with effect from May 26.  Full Article

Educomp Solutions Ltd Starts Cost Optimisation; Cuts 3,500 Jobs-The Times Of India
Friday, 16 Aug 2013 07:47am EDT 

The Times Of India reported that Educomp Solutions Ltd said it has cut 3,500 jobs in the last three months and has also initiated measures to spur growth. The plan entails modifications in structure, systems and sales strategies to return the firm to profitability in the current and following fiscal. Within this transformational plan, a series of tactical steps have been identified to fast-track the correction. The Company is targeting a reduction in operational costs of close to 20% over the last fiscal due to these measures.  Full Article

Educomp Solutions Ltd Partners With HCL Infosystems Ltd For Its Life Cycle Services-Business Standard
Thursday, 25 Jul 2013 07:05am EDT 

Business Standard reported that HCL Infosystems Ltd and Educomp Solutions Ltd. have entered into a partnership. As per the agreement, HCL Infosystems will provide life cycle services for existing and new Educomp classrooms across India. Life Cycle services include providing break-fix support and field repair services along with managing new installations in the Educomp Classrooms. The service and support to Educomp classrooms would be provided by HCL Infosystems through field engineers, regional repair centres and a centralized repair factory. HCL’s Lifecycle Services is backed by 720 support touch points, 10,000 service engineers, spread across 5,000 towns and Remote Infrastructure Management (RIM) centres.  Full Article

Educomp Solutions Ltd Surges 10% On Debt Restructuring Plan-NDTV Profit
Tuesday, 9 Jul 2013 03:52am EDT 

NDTV Profit reported that Shares in Educomp Solutions were locked up in upper circuit on July 9, 2013, gaining by their daily limit of 10%, after the education services firm announced its debt restructuring plans. Educomp Solutions, which had a debt INR17.82 billion as on March 31, 2013, said it has initiated discussions with its lenders and has approached corporate debt restructuring (CDR) forum to restructure its rupee debt to correct the asset liability mismatch on its balance sheet.  Full Article

Pearson PLC Buys Educomp Solutions Ltd's Stake In JV-DJ
Tuesday, 9 Apr 2013 07:00am EDT 

Dow Jones reported that Pearson PLC has bought Educomp Solutions Ltd's stake in their equally owned Indian joint venture (JV). Pearson and Educomp, which separately said it has exited the venture, didn't provide any financial terms. Pearson and the Indian educational-content and software maker formed the joint venture, IndiaCan Education Pvt. Ltd., in 2009 to offer vocational training.  Full Article

Educomp Solutions Ltd Exits IndiaCan; Sells Entire 50% Stake To Pearson
Tuesday, 9 Apr 2013 06:00am EDT 

Educomp Solutions Ltd announced the selling of its entire 50% stake in the vocational training business IndiaCan to its JV partner Pearson, the publishing and education services company.  Full Article

Educomp Solutions Ltd Completes Sale Of Stake In Eurokids
Monday, 25 Mar 2013 11:49pm EDT 

Educomp Solutions Ltd announced that with reference to the announcement made on January 8, 2013, the Company announced that it has completed stake, sale of 50% share holding in Eurokids International Limited to a group of financial investors led by GpE India, a Investor in education and the entire sale consideration approximating to INR120 Crore (INR1.20 billion) has been received.  Full Article

INDIA PRESS-U.S. company in talks to acquire Educomp-Times of India

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Abhiram Nandakumar in Bangalore)

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