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Private equity firms to invest Rs.22 cr in Educomp subsidiary

Educomp says it will use the money as growth capital and for improving its website
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First Published: Thu, Jan 24 2013. 12 15 PM IST
Educomp shares were down 2% at `131.15 in morning trade on BSE. Photo: Mint
Educomp shares were down 2% at Rs.131.15 in morning trade on BSE. Photo: Mint
Updated: Thu, Jan 24 2013. 12 37 PM IST
Mumbai: Educomp Solutions Ltd on Thursday said Kaizen Private Equity and German media company Bertelsmann will together invest Rs.22 crore in its its online education subsidiary Authorgen.
Educomp, in a filing to BSE, said it will use the money as growth capital and for improving its website.
Educomp shares were down 2% at Rs.131.15 in morning trade on BSE, while the Sensex was 0.59% lower at 19,908.34 points.
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First Published: Thu, Jan 24 2013. 12 15 PM IST
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