Dainik Bhaskar picks up 2.7% stake in Edserv for Rs 15cr

IT training services provider Edserv Softsystems today said Hindi daily Dainik Bhaskar has picked up a 2.7% stake in the firm for Rs 15 crore.

"The Hindi daily is investing Rs 15 crore for a 2.7% stake in Edserv through the issue of fully convertible equity warrants," the IT training services provider said in a filing to the Bombay Stock Exchange.
In addition, Edserv Softsystems has bought the e-learning online content of Prosel Ventures for Rs 35 crore in an all-stock deal, the filing added.
Chennai-based Prosel specialises in providing online content for chartered accountant (CA) and company secretary (CS) aspirants, including video lectures and animated content.
Shares of Edserv Softsystems were trading at Rs 90.60 apiece on the BSE, down 3.82% from their previous close.