Educomp Solutions gains on restructuring options under CDR scheme

The company's board will meet on January 13, 2015 to consider issue of equity shares and restructuring options under CDR scheme

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Shares of Educomp Solutions were up over 5% at Rs 28 ahead of the board meeting scheduled for January 13, 2015 to consider issue of equity shares as per the corporate debt restructuring scheme of the company in accordance with SEBI (ICDR) Regulations, 2009.

The board will also consider restructuring options pursuant to the corporate debt restructuring scheme, the company said in a release after market hours on Thursday.

The stock opened at Rs 28 and touched a high of Rs 29. At 11:05AM over 1.1 million shares were traded on both the stock exchanges.