Educomp Solutions gained as much as 7.14 per cent in the early trade on Tuesday after the company informed stock exchanges on Monday post market hours that Educomp Infrastructure & School Management, subsidiary of Educomp Solutions, has executed agreements to sell one of its land and building to third party.
At 10.33 am, shares of Educomp Solutions were trading 3.33 per cent up at Rs 17.36. The scrip opened at Rs 17.25 and had touched a high and low of Rs 18 and Rs 16.95, respectively, in trade so far. Sensex was up 62.12 points at 26,096.25.
Later, the scrip closed 0.71 per cent up at Rs 16.92.
Around 30.53 lakh shares of Educomp Solutions exchanged hands on the BSE as compared with two-week average daily volume of 7.09 lakh shares.
“The transaction completion is subject to fulfillment of customary conditions precedents. Appropriate announcement shall be made on deal completion,” Educomp Solutions said in a BSE filing.
The promoters holding in the company stood at 44.78 per cent while institutions and others held 1.23 per cent and 53.99 per cent, respectively.
The BSE group ‘B’ stock of face value Rs 2 has touched a 52 week high of Rs 30.70 on 13-Jan-2015 and a 52 week low of Rs 9.50 on 06-Jul-2015.
Educomp Solutions provides learning solutions to schools, governments, teachers, students and parents. It has research and development center located at Noida that creates quality products and services. The solution is based on education principles that help them to design education systems.
