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Educomp to Raise Up to $500 Million
This is a guest post by Abhinandan Nardekar. He is a student at BITS Pilani.
Educomp Solutions Ltd on Monday said that the members of the company have passed the resolution to raise up to $500 million. The resources will be raised through ADR, GDR, FCCB, or QIP, with requisite majority. This announcement comes almost immediately after [...]
Educomp Acquires 51% Stake in Learning.com. Pays Rs. 105 Cr. A look at Online Tutoring in India as a PPO Service
Delhi-based Educomp Solutions has acquired a 51 per cent stake in US-based web-delivered curriculum provider, Learning.com for around Rs 105 crore. The deal includes the purchase of existing shares as well as an infusion of new capital into the company. This is Educomp’s second strategic investment after the acquisition of Singapore-based Ask n Learn [...]