"The board of directors of the company, on January 13, will consider and approve to issue equity shares of the company, as per CDR scheme of the company, in accordance with SEBI regulations," the company said in its filing the exchange.
In response to the Forbes India story titled ‘The Rise and Fall of Educomp‘ in the edition of April 19, 2013, Shantanu Prakash, the chairman and managing director of Educomp sent a letter clarifying some controversial aspects of the story.
His company Educomp set out to prove that there was money in school education. But in the last five years, he‘s burnt his fingers badly
Education solutions provider Educomp Solutions has sold its entire 50 per cent stake in Eurokids International to a group of investors led by GPE India for an undisclosed sum.
There has been some turbulence in the List this year. But the smart entrepreneurs are raking it in
Speaking to CNBC-TV18, Educomp MD and CEO Shantanu Prakash emphasized that the company is not in any kind of financial trouble and the stake sale of its arm and internal accruals will be enough to redeem the FCCBs.
There is plenty that’s happening in the world of entrepreneurship and three of the Young Turk’s from Myntra.com, Vindya e-infomedia and Educomp Solutions are clearly on the move by ushering in more funds in their ventures.