Educomp Solutions has acquired 70.05% equity in Savvica Inc. based out of Toronto, Canada, Savicca is a leading e-learning company focused on web based learning management and education communities. Savicca own a next generation platform for rapid creation and deployment of scaleble education communities.
The company’s investment in savicca is to leverage its internet based competencies in the areas of community building, online tutoring, web based learning, and digital content.
The board of SREI Infrastructure Finance has proposed a preferential issue up to 250,00,000 warrants to promoter group, which on conversion will increase their holding to over 35% from the existing level of 20%. Further, the board has decided to convene extraordinary general meeting on 15 October 2007.