Educomp Solutions gains as arm to sell land, building

Educomp Infrastructure & School Management Limited has executed agreements to sell one of its land and building to third party.

Shares of Educomp Solutions were up 4% at Rs 17.50 after the company in a release said its subsidiary Educomp Infrastructure & School Management Limited has executed agreements to sell one of its land and building to third party.

The transaction completion is subject to fulfillment of customary conditions precedents. Appropriate announcement shall be made on deal completion, the release added.

The stock opened at Rs 17.25 and touched a high of Rs 18. At 12:10pm, over 12.2 million shares were traded on both the stock exchanges.