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Educomp Solutions stock hits 10% upper circuit

The stock has hit a high of Rs27.75 and a low of Rs27.30.

April 01, 2014 10:43 IST | India Infoline News Service
Shares of Educomp Solutions Limited has hit 10% upper circuit at Rs27  after media report stated that US-based firm is in advanced talks to buy majority shares in the company.

The stock has hit a high of Rs27.75 and a low of Rs27.30.

The potential acquirer may invest about US$ 300 million (Rs 1,800 crore) through a combination of primary shares and mandatory open offer to emerge as the majority shareholder in Educomp, media report said

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