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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. 

Company Quote

30.4
-1.15 -3.65%
28 Jul 2014