Educomp Solutions, a Delhi-based technology driven education company, said on Tuesday that it has formed two joint venture in equal partnership with Singapore-based Raffles Education Corporation for together exploiting the growth opportunities in Indian and Chinese markets.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Educomp Solutions informed the Bombay Stock Exchange about the joint venture for Indian and Chinese market.</P>
</p><p class='TableClas'>Educomp Solutions had earlier announced its plan to raise $500 million (around Rs 2,130 crore) through the issue of securities, including American Depository Receipts, Global Depository Receipts, Foreign Currency Convertible Bonds and Qualified Institutional Placements. </P>
</p><p class='TableClas'>Educomp plans to raise funds for expanding its business in India. The company's authorised share capital has increased from Rs 20 crore to Rs 25 crore.</P></p><p class='TableClas'></p></table>


Educomp Solutions in JV with Singapore firm

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