Educomp Solutions Ltd. News and Updates

Keep track of all breaking news on Educomp Solutions Ltd. from all sources in a single place.

28 Mar 2022

ED attaches assets of Educomp group company in money laundering case

Business Standard

Assets worth Rs 90.31 crore of a Gurugram-based Educomp Group company have been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, ED said on Monday.

Educomp Solutions Ltd. is trading below all available SMAs

Educomp Solutions Ltd.

11 Feb 2020

CBI books Educomp Solutions, its directors for defrauding banks of Rs 1,955 crore

Business Today

The banks have alleged that Educomp Solutions (ESL), incorporated in 1994, was in the business of creating digital educational content for schools and vocational courses under the brand names "Smartclass" and "Edureach" respectively

Educomp Solutions Ltd. is trading below all available SMAs

CBI books Educomp, officials in 1,955-crore bank fraud case

Business Line | 11 Feb 2020 2 more

Educomp Solutions Ltd.

09 Jun 2019

Transactions of debt-ridden Educomp Solutions come under SFIO scanner

Business Standard

SFIO has identified at least two land transactions done by Educomp by allegedly using proxies at over-inflated prices, it is learnt

Educomp Solutions Ltd. has lost -25.00% in the last 6 Months

Educomp Solutions Ltd.

06 Apr 2018

How Educomp may have subverted the spirit of India's IBC process

Business Standard

The auditor's report raises questions over its balance sheet and there is evidence to show its core business was effectively transferred to a separate but connected company before IBC process started

Educomp Solutions Ltd. has lost -25.00% in the last 6 Months

Educomp Solutions Ltd.

08 Mar 2018

NCLT receives final resolution plan of Educomp; hearing on March 13

Business Standard

On March 13, NCLT will have a final hearing on the resolution plan

Educomp Solutions Ltd. has lost -25.00% in the last 6 Months

Educomp Solutions Ltd.

26 Oct 2017

Educomp Solutions' lenders might go for haircut

Business Standard

New Delhi, 25 OctoberEducomp Solutions' insolvency may see lenders taking deep haircuts, just like in Synergies Dooray Automotive. A company that offers technology solutions to schools, Educomp walked the insolvency route to pay up lenders.Sources handling the insolvency case stated that lenders might have to take more than 50 per cent haircut as dues amounting to almost ~3,000 crore contrasted annual revenue of ~150-200 crore seen over the past few years. For instance, in 2015-16, the company clocked ~223 crore of revenue that resulted in a net loss of ~343.34 crore. As such, serviceability of the debt remained a challenge. Although an option, liquidation will be far worse for the lenders, fetching them just 5 per cent to 10 per cent of their dues, said the sources, explaining that the asset base remains low, most of it comprising intellectual properties.However, three to four investors have shown interest in investing in the company, the sources added. The company's resolution...

Educomp Solutions Ltd. has lost -25.00% in the last 6 Months

Educomp Solutions Ltd.

26 Jul 2016

Educomp to sell stake in Vidya Mandir classes for Rs 90.56 crore

The Financial Express

Educomp Solutions, a publicly listed integrated education company, has decided to sell its stake in engineering test preparation player Vidya Mandir Classes for Rs 90.56 crore. The post Educomp to sell stake in Vidya Mandir classes for Rs 90.56crore appeared first on The Financial Express.