Educomp Solutions Ltd.

	Products
		Smart class
		Quest
		Roots to Wings
		The Millennium School
		Mathguru
		WiZiQ
		Learning Hour
		LearnHub
		Singapore Learning
		Magikeys

	Services
		Professional Development
		Edureach (ICT)
		Millennium Learning System
		EduSchools

	Solutions
		For Schools
		For Governments
		For Teachers
		For Students
		For Parents

Home > Investor Relations > Corporate Developments

Corporate Developments

Q3 FY 09

31-10-2008	Work Order for Computer Aided Education for Government of Karnataka Educomp has been awarded a work order from Commissioner of Public Instruction, Government of Karnataka for implementation of Computer aided Education in 708 PU colleges in Karnataka. The order is valued at Rs. 50.27 Crores to be executed over 5 years . Educomp has also bagged an order for 347 Government hostels from Commissioner Tribal Welfare , Government of Chattisgarh for implementation of Computer aided Education Programme . With the above orders , the total number of schools in the Educomp portfolio has gone upto to 9970 and the total number of students served by Educomp will be now 6 million + in India itself. This order further reaffirms Educomp’s leadership in the ICT segment in India being the only company to reach almost 10,000 schools under contract. Educomp is now executing public private partnership ( PPP) Programmes for imparting Computer Aided Education ( CAE) using its Multi Lingual Content , training Government teachers / providing staff & other deliverables as per tender specifications in 14 State Governments under various schemes including the Sarva Shiksha Abhiyan.
20-10-2008	Acquisition of 51% stake in Takshila Management Services Private Limited. Educomp has acquired a 51% stake in Takshila Management Services Private Limited , a company that specializes in setting up high quality schools in Tier II & Tier III cities across India . These schools to be called “ Takshila Schools” will have several unique features and be available at an affordable price point. . Currently Takshila Management Services Pvt limited own 6 parcels of land & it plans to set up 3 schools in Hoshiarpur (Punjab) , Ahmednagar (Maharashtra) and Gaya (Bihar)) to be ready for the coming academic year by June 2009 . The Company has plan to set up further 25 schools over the next 2 years. Educomp Millennium learning system shall be used in all the “ Takshila Schools “ as an integral part of the academic system.
17-10-2008	Update "Educomp has successfully achieved financial closure of the debt funding for its Educomp Infrastructure & School Management Business with fully underwritten facility of Rs.725 Crore comprising Rs.100 Cr. as Non Convertible Debentures from Axis Bank and Rs.625 Cr as term loan facility from Axis bank and other Banks. The Company's K-12 business is proceeding per plan and company has started drawing on this line of credit"
17-10-2008	Clarification "In response to queries from certain investors the company has Clarified that there has been no change to the promoter's holding in the Company in last Financial Quarter. Further the promoter group has clarified that it neither has been nor is in discussion with any entity to sell any portion of their shareholding in the Company."
13-10-2008	Educomp’s Millennium Learning System in 3 more schools. "Educomp’s Millennium Learning System, including its comprehensive school management services has been licensed by DPS Patna, DPS Pune and DPS Ludhiana. Educomp’s school management services will be used by these schools to upgrade the quality of services and improve learning outcomes. The Millennium Learning System is a structured school management system which includes Educomp’s own range of books, professional development for teachers, Smart_Class system, a comprehensive library of lesson plans and consultancy for and active management of the school quality. With this the number of schools in Educomp’s K 12 portfolio goes up to 11".
13-10-2008	Board of Directors in its meeting held today: In furtherance to shareholder’s approval through postal ballot on 24^th may 2008, approved additional options viz., Qualified institutional placement (QIP) as per revised SEBI guidelines or Non-Convertible Debentures for raising funds and decided to take the approval of shareholders through postal ballot for the said purpose. Approved ESOP plan 2008 and decided to take the approval of shareholders through postal ballot for the said purpose.

Q2 FY 09

26-09-2008	Educomp signed an agreement with Department of State Education Research & Training (DSERT) , Government of Karnataka. Educomp today has announced that it has signed an agreement with Department of State Education Research & Training (DSERT) , Government of Karnataka for implementation of Computer aided Education in 1571 Schools in Karnataka. The order is valued at Rs. 109 Crores to be executed over 5 years. Educomp has also announced that it has signed an agreement with Government of Chattisgarh for imparting Computer AidedEducation in 52 hostels . With the above orders , the total number of schools in the Educomp ICT portfolio has gone upto 8912. The latest wins will extend the reach of Educomp’s services to approximately additional 800,000 students , thus taking the total number of students served by Educomp to 5.8 million in India. Educomp is the leader in public private partnerships for the Government School sector and its reach extends to 13 states in India , where state of the art equipment , multilingual content and experienced staff guide students to understanding difficult to master abstract academic concepts , thus reducing the drop out rate and enhancing learning outcomes.
10-09-2008	Educomp Solutions partners with EuroKids International -Educomp Solutions Ltd to invest Rs. 39 crores to acquire a 50% stake -Combination to build a network of 1000 Pre-Schools in India. Download
22-08-2008	Educomp grants stock options Remuneration committee , in its meeting held on 22^nd August 2008 has granted 74502 stock options to the eligible employees of the company/subsidiaries of Company under ESOP Scheme 2007, w.e.f. 22^nd August 08.
24-07-2008	Acquisition of A-Plus Education Solutions Pvt. Ltd. Educomp today announced the acquisition of a strategic stake in A-Plus Education Solutions Pvt Ltd. Educomp will invest Rs.10.75 crores over the next two years to acquire a 76% stake in the company. The company operating under the brand name of “Purple Leap” focuses on the area of improving the employability of college graduates. The company will focus on preparing students currently studying in over 15,000 colleges in the country and will make them workplace ready. Educomp will leverage its very large customer base across 5 million students in India, going upto 10 million by FY09-10, who face a dilemma to decide a career after they graduate from high school. Educomp will offer best-in-class career options for students so that they are economically empowered as well as are able to feed India’s large and growing talent gap. Educomp’s vocational education strategy is founded on a multi-dimensional approach towards bridging the skills gap in India. Educomp has taken a pioneering lead to establish public private partnerships by taking over 18 Vocational Training Institutes (formerly known as ITIs) of the Govt of India, as well as 12 skill development centers from the Govt. of Gujarat. Educomp will work directly with domain experts in retail, management, engineering and other aligned disciplines to engender an appropriate blend of Industry and Pedagogical best practices to such institutions. On this occasion Shantanu Prakash, CEO Educomp Solutions said “Along with our recently announced partnership with Raffles Education Corporation for professional education , Educomp’s foray into skills completes our 360 approach to helping students achieve their fullest potential. Educomp is covers the entire gamut from Schools to Skills. On this occasion Sharad Agarwal, President, Educomp Vocational Business said “The success of our initiatives lie in bridging the crucial gap between Quality and Access to bring transformative changes in lives of Indian youth through quality employment-centric Vocational Education. We seek to mitigate the current skill and competency gap across various vocations and disciplines by leveraging technology-enabled best practices in education. Our recent step in this direction is our eTEN system which will use Telecom and Satellite technology to bring best teaching talents to remote students. Founded in 2005 the Purple Leap is a company focused on improving the quality of the recruits which are needed by Industry. Team Purple leap is run by a team of four dynamic young professionals namely Amit Bansal, Hemant Somani, Vinay Nijhawan and ChandraShekhar Shetty, all graduates from India’s premier institutions such as XLRI and IIM Bangalore. Currently there is a shortage of workplace-ready students and there is a high cost of Training. This results in a high turnover of the new recruits and also a large cost for the recruiting companies. The EduLeap career centers in the colleges shall have facilities for assessment and testing, impartation of training and have strong placement partnerships with Corporates. The Infrastructure would also include E learning and Online portal for complete student lifecycle including assessments, training and placement.

Q1 FY 09

12-06-2008	Educomp has received Letter of Intent (LOI) from School Education Department, Government of Andhra Pradesh for implementation of Computer Aided Learning in 890 High Schools in Andhra Pradesh under BOOT model . Agreement with School Education Department, Government of Andhra Pradesh will be signed shortly.With this order the total number of schools in the Educomp portfolio has gone upto 7289.Educomp has also added one new state to its existing base of operations. Educomp now works with 12 states in India.
09-06-2008	Educomp Solutions, Gurgaon based leading provider of information technology driven solutions for learning at school, said that it has secured contracts from 395 schools in the states of Rajasthan and Jharkhand under its Instructional and Computing Technologies (ICT) programme. Under the ICT the company is partnering with central and state governments to bridge the divide of computer learning that exists between the private and the government schools. With the new contacts in the two states, the company has tied up with total of 6,399 schools in eleven states of the country. " Many new states are continuing to choose Educomp's ICT programs which enable students to achieve designated learning outcomes by leveraging Educomp's intellectual property and digital content libraries," said Shantanu Prakash, CEO of Educomp.
02-06-2008	Board of Directors in its meeting held today i.e 02^nd June 2008, has decided the following: Pursuant to the shareholders’ approval dated 24th May 2008 through postal ballot for raising funds upto US$ 500 million through FCCB/ADR/GDR/QIP , the Board has decided to raise upto US$ 250 million through issue of Global Depository Receipts (GDR) (“GDR Issue”) including a green shoe option (if any) of upto 15% of the size of the issue. In addition to the use the proceeds of proposed GDR Issue for Company’s Smart Class and ICT business segments (as approved by the shareholders in their resolution dated 24th May, 2008), the Board has decided to take the approval of shareholders in the forthcoming Annual General Meeting of the company for using the proceeds of proposed GDR Issue for following additional purposes: Investment in Educomp Infrastructure Private Limited, Educomp School Management Limited for its K-12 initiatives and other subsidiaries for expansion of the Company’s operations, Potential strategic acquisitions or joint ventures both domestic & overseas, Capital expenditure for Smart_ClassTM(India & China ) and ICT Solutions in Fiscal Year 2010, Higher Education Initiatives / Vocational & Professional Education Initiatives in India and Such other purposes as may be permitted from time to time in compliance with applicable guidelines issued by the Reserve Bank of India and the Government of India.
27-05-2008	Educomp Solutions Ltd has informed BSE that Educomp has formed two Joint Ventures with Raffles Education Corp., Asia Pacific's largest private Education Group as follows: - 50:50 Joint Venture in India & 50:50 Joint Venture in China. - Joint Ventures will open up growth opportunities for both parties in Asia Pacific's two largest economies. Download
20-05-2008	This is to inform you that Educomp has acquired a 51% stake in Learning.com. Educomp invested a total of $ 24.5 million in the transaction, which included the purchase of existing shares as well as an infusion of new capital into the company. Learning.com is the premier provider of Web-delivered curriculum and assessment, and partners with schools and districts throughout the United States of America to improve student learning outcomes. Founded in 1999, it serves nearly two million students in schools across the United States. Its award-winning solutions are EasyTech, a proven, K-8 technology literacy curriculum that helps students develop and apply technology skills in math, language arts, social studies and science; TechLiteracy Assessment, an authentic technology proficiency assessment that provides educators with the data to understand how well students grasp foundational technology skills; and Aha!Math, an interactive K-5 supplemental math curriculum that supports teachers to improve students' foundational math skills while developing their higher level problem-solving and reasoning skills. Via this investment Educomp gets unparalleled distribution access to over 800 districts and 2 million students across the US and leverages its substantial content development and IP capabilities to reach out to North American markets. This is Educomp's second strategic investment after the acquisition of Ask n Learn, the leading K12 company in Singapore. Through this partnership Learning.com and Educomp together hope to bring the entire suite of Educomp's intellectual property to schools in the US as well as bring Learning.com's products to Educomp's 4 million users in India and SE Asia
25-04-2008	"Company has on 23^rdApril, 2008, completed the dispatch of notice under Section 192A of the Companies Act, 1956, along with the postal ballot form and a self addressed business reply envelope in relation to Special Resolutions for the purpose of approval of raising of funds through ADR/GDR/FCCB/QIP and increase in authorized share capital of the Company. The Board of Directors of the Company has appointed Mr. Sanjay Grover (FCA, FCS), a Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner. Members are requested to note that the postal ballot form duly complete and signed should reach the Scrutinizer not later than the close of working hours on Friday 23^rd May , 2008. All Postal Ballot forms received after the said date will be treated as if reply from such Members has not been received. The result of the Postal Ballot shall be announced by the Chairman or in his absence by any person so authorized by the Chairman, on Saturday, 24^th May 2008 at 4.00 p.m. at the Registered Office of the Company at 1211, Padma Tower 1, 5, Rajendra Place, New Delhi-110008 . A Member may request for a duplicate postal ballot form, if so required. The voting rights of Members shall be reckoned on the paid-up value of shares on the date of the dispatch of the notice."

Q4 FY 08

30-01-2008	Educomp Solutions Limited has informed the Exchange "Mr. Anjan Dutta has resigned from Board of Directors of the Company w.e.f. January 29, 2008."
25-01-2008	Educomp Solutions Limited has informed the Exchange that Educomp Infrastructure Private Limited ( EIPL), a subsidiary of Educomp Solutions Limited has entered into an collaboration agreement with Ansals Properties and Infrastructure Limited (APIL) along with its Associate (Knowledge Tree Infrastructure Limited) for providing School Building and Infrastructure to EIPL. APIL & its Associates is one of the leading real Estate players engaged in business of constructing / developing properties and Infrastructure on various places and parcels of land & has expertise in the said field. EIPL along with its holding companies & associates has the requisite expertise of operating & managing Schools. Under the broad terms of the collaboration agreement APIL along with its Associates will build up the School Building and Infrastructure & shall lease out the same to EIPL for a period of 60 years. EIPL will further tie up with various independent trusts to operate the schools. EIPL also has an option to acquire a minority stake in KTIL. This Collaboration agreement will scale up the school roll out plan for EIPL & leverages the unique abilities of both of the companies put together.
11-01-2008	Educomp Solutions Limited has informed the Exchange that : "IIT Chennai and Educomp School Management Ltd - a Subsidiary of Educomp Solutions Limited have signed a MOU to develop a world class Science Enrichment Program to enhance science education in schools. The program aims to develop Science Enrichment Materials which would include designing hands-on and computer based activities in Physics and Chemistry based on the CBSE syllabus from class 5 to 12 for implementation in the classrooms. This will include planning and developing problem based worksheets and activities which will make science fun and easy for children. It also includes training the science teachers to improve their skills as well as understanding using some of the best materials and getting advice from eminent professors from IIT. The activities would be both, Experiment - based as well as Simulation-based. Workshops with students based on the materials developed would also be a part of the entire methodology. This MOU will leverage the best of expertise of both Educomp & IIT Chennai with one focus i.e. to improve the quality of School Education."

Q3 FY 08

27-12-2007	Educomp Solutions Limited has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001, company is seeking approval of Shareholders by way of Postal Ballot for. Amendment in ESOP scheme 2006 for employees of Subsidiaries Companies with respect to vesting period Amendment in ESOP scheme 2006 for employees Company with respect to Fringe Benefit Tax Liability. Amendment in ESOP scheme 2006 for employees of Subsidiary Companies with respect to Fringe Benefit Tax liability. Amendment in ESOP scheme 2006 for Mr. Gopal Jain, Director with respect to Fringe Benefit Tax liability. Keeping the Registers and Index of members, at the office of Registrar and Transfer Agent of the Company. Amendment in ESOP scheme 2007 for employees of Company with respect to vesting period. Amendment in ESOP scheme 2007 for employees of Subsidiaries Companies with respect to vesting period. The Board of Directors has appointed Mr. Sanjay Grover, F.C.A, F.C.S, Practicing Company Secretary as Scrutinizer to scrutinize the Postal Ballot in a fair and transparent manner. The duly completed postal ballot form should reach the scrutinizer before the close of working hours, on or before February 07, 2008. The result of the postal ballot will be announced by the Chairman on February 11, 2008.
17-12-2007	Educomp Solutions Limited has informed the Exchange that Edumatics Corp.Inc, a wholly owned subsidiary of Educomp Solutions Limited based in Ventura, Calif , U.S.A has signed an joint development agreement with US based company Learning.com, to provide educators with innovative, Web-delivered curriculum solutions that support improved student learning outcomes.
14-12-2007	Educomp Solutions Limited has informed the Exchange that at 13th AGM held on September 13, 2007, the members have approved modification to the ESOP Scheme 2006 with respect to vesting period and vesting percentage for the stock options granted by the Company to its employees. These modification will be applicable w.e.f. April 1, 2008.
29-11-2007	Educomp Solutions Limited has informed the Exchange that: "Company is making its foray into formal school management with launch of The Millennium Schools. Millennium Schools will be powered by the Millennium Learning System (MLS), India's first fully integrated learning delivery system for Schools developed by the Company. To be set up across Indian cities by independent trusts and societies, The Millenium Schools will incorporate unique blend of global best practices in education and inherent strengths of Indian education system with the added advantage of MLS, the Company's cutting-edge proprietary learning system for schools. MLS was formally released on the occasion by Prof. B P Khandelwal, former Chairman of CBSE. Millennium Schools will be founded on - a culture of innovative thinking, modem application of technology in traditional Systems of education and a pioneering zeal in fashioning students for an increasingly competitive world of the future. Millennium School will be powered by MLS. MLS is a result of intensive R&D involving over 80 man years of work, where the Company's research team studied the existing system and researched on ways to make education cater to the future needs of both the society and the individual child. MLS will be exclusively implemented in The Millennium Schools. The vision of The Millennium Schools is to unleash inherent potential and talent of each child, nurture lifelong learners who would be leaders of tomorrow. This vision is reflected in their slogan - "School built for only one child - Yours". Personalised learning to cater to the learning style of each student is what the Millenium school be catering to. Millennium Schools will introduce for the first time in India - a unique and structured Talent Development Program that will seek to nurture the inherent talent in each child in the early part of their schooling life.
04-10-2007	Educomp Solutions Limited has informed the Exchange that Educomp has signed an Memorandum of Understanding (MOU) with Raffles Institution, Singapore. The scope of services would include consultancy advice & services of Raffles Institution for schools set up by Educomp through its related entities. The essence of this MOU is to bring the best of global education in India. Raffles institution is the leading school in Singapore and renowned for its innovative practices and its curriculum.
01-10-2007	Educomp Solutions Limited has informed the Exchange regarding a News item on the company, in DNA Money dated September 28, 2007. In this regard the company has clarified as follows: "The article had alleged that the company had made an error in accounting for the options granted under ESOP 2006. The article has incorrectly assumed that ESOP 2006 plan was approved on 13 Sep 2007. We wish to clarify that ESOP 2006 was approved by the shareholders on 24 August 2006 and the options under the plan were granted on 1st April 2007. As per Indian GAAP, option expensing is done at the difference between the market price (CMP) on grant date and the exercise price. CMP on the grant date was Rs 959. The resultant difference of Rs 834 has been expensed off in the Profit & loss account. This is in full compliance with I-GAAP and APB opinion 25 of US- GAAP. The news article and the analyst report cited in the said news article have, therefore made an erroneous conclusion based on an incorrect calculation of fair value of the options. The analyst report has also recently (September 28, 2007) published an Errata clarifying their report and admitting their error. Shareholders and analysts may contact Ms Sangeeta Gulati for any further information and clarifications in this regard".

Q2 FY 08

18-09-2007	Educomp Solutions Limited has informed the Exchange that: "Educomp has acquired 70.05% equity in Savvica Inc. based out of Toronto, Canada, Savicca is a leading e-Learning company focused on web based learning management and education communities. Savicca own a next generation platform for rapid creation and deployment of scaleable education communities. Educomp's investment in savicca is to leverage its Internet based competencies in the areas of community building, online tutoring, web based learning, and digital content".
03-09-2007	Educomp Solutions Limited has informed the Exchange that: "Educomp has entered into a partnership with Microsoft to make available Educomp's graphical curriculum content on the XBOX360 platform. This unique agreement a first of its kind in India will progressively make available Educomp's large and unique content libraries to the home segment to help improve the academic proficiency of students in a Smart format like the XBOX360".
29-08-2007	News Verification : The media had reports that Educomp Solutions Limited may announce a stock split. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Educomp Solutions Limited has vide its letter inter-alia stated, "We would like to point out that this information is incorrect. The statement has not been released by our Company and is carried out without any verification or clarifications from the Company officials."
17-08-2007	Educomp Solutions Limited has informed the Exchange that: "Educomp has acquired an 51% strategic stake in AuthorGen Technologies Pvt Limited. Authorgen Technologies is a pioneer and leader in the area of web 2.0 platforms for online learning. Their leading portal Wiziq.com connects students and teachers from around the world. The platform is equipped with a state-of-the art virtual classroom with audio-video communication capabilities and runs in any web browser and on any operating system. This investment will enable Educomp to leverage & consolidate its position on online tutoring by having access to key technology competence and student teacher marketplace models."
25-07-2007	Educomp Solutions Limited has informed the Exchange that "Educomp has signed an agreement with the Government of Chattisgarh on 20th July 2007 for implementation of Computer Aided learning in 323 locations for Pre Metric / Post Metric students across 8 districts in the State of Chattisgarh on BOO (Built, own & operate) model".

Q1 FY 08

22-06-2007	Educomp Solutions Limited has informed the Exchange that: "We had successfully completed the issuance of our zero coupon bond Convertible Bond Issue amounting to US$ 80 million. The terms for their US$ 80 million bonds due 2012 (the "Bonds") have been fixed as follows: Initial conversion price is Rs.2949.83 per share. The yield to maturity has been set at 7 per cent (semi annual basis). The Bonds will be zero coupon percent. Due date for redemption is 26^th July 2012. Redemption price at maturity is 141.087%. Application will be made for the Bonds to be listed on the Singapore Exchange Securities Trading Limited and for in-principle approval for the shares to be issued upon conversion of the Bonds to be listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. On 8 June 2007, the company, has issued a notice seeking the approval of its shareholders for the issue of the Bonds and for issue of the Shares to be issued upon conversion of the Bonds by way of a postal ballot process. The result of the postal ballot is expected to be published on 12 July 2007 and the closing of the issue of the Bonds will be conditional upon such approval being duly given. Barclays Capital is the Sole Bookrunner and Lead Manager for the Offering. Bank of India is the Financial Advisor to the issue
07-06-2007	Educomp Solutions Limited has informed the Exchange that Educomp solutions Limited has signed the sale and purchase agreement with a majority of the shareholders to acquire Ask n Learn Inc., a leading education technology company headquartered in Singapore. Educomp has set up an SPV to complete the acquisition. The total acquisition price is Singapore $ 5.98 million in cash in addition to options worth S$ 1.05 million. This acquisition will provide Educomp a substantial share of the education market in Singapore and add over 100 schools to its portfolio as well as serve as a platform for penetration into the larger APAC region. This acquisition will also bring synergies in content development and marketing at both ends.
04-06-2007	Educomp Solutions Limited has informed the Exchange that: "Educomp solutions Ltd has subscribed equity in Educomp Infrastructure Private limited (Edu Infra) & Educomp School Management limited (Edu Manage). Educomp is now in the process of making payment for the same. After the shares have been fully paid for, Educomp solutions limited will hold 69.38% & 68% of the outstanding paid up equity capital of Edu Infra & Edu Manage respectively. Educomp investment in EduInfra & Edu Manage will be Rs.50 Cr & Rs.5 Cr respectively. EduInfra will help set-up K-12 schools & EduManage will provide specialized products and services to the schools. EduInfra and EduManage will enable Educomp to emerge as a core education provider in India's K-12 school sector".
04-06-2007	Educomp Solutions Limited had informed the Exchange that Educomp has been awarded a letter of intent (LOI) issued by Gujarat Informatics Ltd (GIL) on behalf of the govt. of Gujarat for the provisioning of Computer Aided Learning services in 2819 Schools, in the State Of Gujarat. The total size of the order is Rs.71.64 crores (USD 17.47 million) spread over a period of 3 years. After signing of this LOI, total Number of schools covered under ICT segment by Educomp now stands at 5627 in comparison to 2808 schools as on March 2007. The company has now informed the Exchange that: "We wish to clarify that Letter of Intent (LOI) has been signed by Gujarat Council of Primary Education on behalf of the Government of Gujarat instead of Gujarat Informatics Ltd (GIL)".
01-06-2007	Educomp Solutions Limited has informed the Exchange that: "Educomp has been awarded a letter of intent (LOI) issued by Gujarat Informatics Ltd (GIL) on behalf of the govt. of Gujarat for the provisioning of Computer Aided Learning services in 2819 Schools, in the State Of Gujarat. The total size of the order is Rs.71.64 crores (USD 17.47 million) spread over a period of 3 years. After signing of this LOI, total Number of schools covered under ICT segment by Educomp now stands at 5627 in comparison to 2808 schools as on March 2007".
10-04-2007	Educomp Solutions Limited has informed the Exchange "regarding Company's Investment in Threebrix E-services Pvt ltd, We would like to further clarify that Total investment in Threebrix E-services Pvt ltd is Rs. 2.5 Cr and it is likely to be earnings neutral in the short term."
10-04-2007