Edserv Softsystems

Plans to Raise $25 Million for Expansion Shared by EdServ Softsystems

Edserv_SoftsystemsEdServ Softsystems, renowned education and placement firm, today revealed its plans of raising as much as $25 Million via "Global Depository Receipts or Foreign Currency Convertible Bonds" to effectively fund its plans of expanding into the school and online tuition services sectors.

EdServ inks MoU with Manonmaniam Sundaranar University

EdServ, Chennai-based Education and Placement Company has signed a three-year MoU with Manonmaniam Sundaranar University (MSU) to offer Diploma/PG Diploma courses  in e-learning framework along with contact classes enabled by EdServ's Edclass (Virtual Class Network) product.

As part of relationship, Edserv will offer to the students of MSU's Distance and Continuing education, eLearning courses in office automation, object-oriented programming, Softskills, and also the first-year curriculum essentials of MCA of the University as a PG Diploma course.

Edserv Softsystems IPO to open on February 5

Edserv Softsystems, a web-learning, IT consulting and resource deployment company, is entering the capital market on 5th February 09, with an IPO of 39.74 lakh equity shares of Rs 10 each, through 100% book building process.

The price band for the issue has been fixed at Rs 55 to Rs 60 per equity share and it opens for subscription on February 05, 2009 and closes on February 09, 2009.

The net issue to the public would constitute 31.43 per cent of the post issue paid-up capital of the Company.