IT education services provider Educomp Solutions today said it has raised Rs 606.69 crore by private placement of shares with qualified institutional buyers.     

The company has alloted 1,620,000 shares at Rs 3,745 a piece, aggregating to Rs 606.69 crore on private placement basis with qualified institutional buyers, the company said in a filing to the Bombay Stock Exchange.    

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Shares of Educomp Solutions were trading at Rs 3,762.20 on the BSE, up 9.29 per cent from previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets glued to gains - Nikkei rallies 1.6% to end just below 9,400 - Aluminium up 0.33% on global cues - Palm oil rebounds on global cues, up 0.5% - Mentha oil up marginally on spot demand

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