Educomp Solutions shares rose 13.38 per cent to close at Rs 3,902.85 a share on its board’s approval to raise funds. Educomp plans to raise Rs 607 crore by issuing 16.2 lakh shares at Rs 3,745 a share through private placement of shares with qualified institutional buyers.

Also Read   Related Stories News Now - Educomp raises Rs 607 cr via pvt placement - Pearson to invest $30 mn in India - Educomp gains 2% on Rs 84 cr order - Educomp bags Rs 84 cr order from Gujarat govt - Educomp Q4 net surges 73% at Rs 54.51 cr - Sensex gains 187pts, ends up third day in a row   Also Read   Related Stories News Now - Sensex makes remarkable recovery, regains 17K - Spectrum is a tax riddle, says PwC - Bajaj to ramp up Pulsar production - Five of top-10 cos lose Rs 24k cr; RIL on top slot - ICICI, Infosys among best firms for nurturing talent More

The stock opened at Rs 3,480 and made an intraday high of Rs 3,984 and a low of Rs 3,474. A total of Rs 8.85 lakh shares changed hands. The stock has registered a 52-week high of Rs 4,590 (July 3, 2009) and a low of Rs 1,331 (February 6, 2009).

Other Stories      - Sensex makes remarkable recovery, regains 17K - Spectrum is a tax riddle, says PwC - Bajaj to ramp up Pulsar production - Five of top-10 cos lose Rs 24k cr; RIL on top slot - ICICI, Infosys among best firms for nurturing talent More

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