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    • IPO scam: Sebi bans Edserv, CMD and 4 others for 3 yrs

      "Funds raised by Edserv through ICDs prior to the IPO were routed through various suppliers and the liability for repayment of such ICDs (Inter Corporate Deposits) were attached to the proceeds of IPO. As a result, the noticees were able to siphon off and divert IPO proceeds to the tune of Rs 4 crore," Sebi said in its order.

    • Edserv Softsystems eyes 40-50% revenue growth this year

      S Giridharan, chief executive officer of Edserv Softsystems in an interview to CNBC-TV18 spoke about the latest happenings in the company and the road ahead.

    • Edserv Softsystems eyes 60% topline growth this year

      Edserv Softsystems will raise up to USD 35 million through a GDR. S Giridharan, Edserv Softsystems said, the company had initially given a 50% top-line growth guidance. “But now that the GDR has been finalised, we would like to increase that by 10%. So, 60% growth could be expected compared to the last financial year,” he added.

    • Edserv sees net grow 30% in FY12, govt orders rising

      Education services provider Edserv Softsystems expects Indian government orders worth Rs 400-450 million in the current fiscal for skill upgradation services and infrastructure, a top official told Reuters on Tuesday.

    • EdServ Softsystems eyes 50% growth in FY12

      Speaking to CNBC-TV18, S Giridharan, CEO of Edserv Softsystems, said that the company is on the expansion mode and it is aiming to post 50% growth in FY12.

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