Educomp to restructure smart class biz, shares gain 2%

Educomp Solutions rose nearly 2 percent on Tuesday after the company set up a committee to evaluate options to restructure smart class business.

On April 22, the board of directors of the company approved the formation of a committee of directors (restructuring committee) to analyse and evaluate various options available to restructure the operational, accounting and legal footprint of smart class business of the Educomp group.
 
The share rallied nearly 23 percent in six consecutive sessions.

At 10:52 hours IST, the stock was up 1.83 percent to Rs 66.80 on Bombay Stock Exchange.

The share touched its 52-week high Rs 205.00 and 52-week low Rs 55.05 on 23 April, 2012 and 12 April, 2013, respectively.
 
Market capitalisation of the company currently stands at Rs 817.68 crore.