Educomp Solutions has achieved financial closure of the debt funding for its Educomp Infrastructure and School Management Business with fully underwritten facility of Rs 725 crore comprising Rs 100 crore as Non Convertible Debentures from Axis Bank and Rs 625 crore as term loan facility from Axis bank and other banks.
The company's K-12 business is proceeding per plan and the company has started drawing on this line of credit.