Moneycontrol PRO
HomeNewsBusinessStocksEducomp Solutions surges 13% on assets sell by subsidiary

Educomp Solutions surges 13% on assets sell by subsidiary

The company's subsidiary Educomp Infrastructure & School Management has completed the sale of its land and building.

July 07, 2016 / 14:49 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Moneycontrol BureauShare prices of Educomp Solutions surged 13 percent intraday Thursday as subsidiary completed the sale of its land and building.The company's subsidiary Educomp Infrastructure & School Management has completed the sale of its land and building.The company has reported net loss of Rs 91 crore in the quarter ended June 2016 against loss of Rs 89.85 crore in the same quarter last fiscal.The company's FY16 net loss stood at Rs 343 crore.The company has long term borrowings of Rs 1,885 crore.At 10:39 hrs Educomp Solutions was quoting at Rs 13.60, up Rs 1.00, or 7.94 percent on the BSE.Posted by Rakesh Patil

    first published: Jul 7, 2016 10:42 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347