Educomp denies accounts fudging & fraud like satyam rumours. Senior Educomp officials met SEBI in Mumbai and sought a probe by them into an alleged nexus between the recent slander campaign against the company and the unusual activity in the company’s stock. Educomp denies rumours, accounts fudging & any fraud like Satyam
“We have requested SEBI to probe this matter thoroughly and have also sought insitutional remedies to help protect the shareholders’ interests from what seems to be a concerted attempt to damage the reputation of the company and drive down its stock price”, said Educomp CEO, Shantanu Prakash. “Educomp has proactively offered to submit itself to the peer review process that Sebi has announced recently. We will vigorously fight this campaign run by certain groups with vested interests” added Mr. Prakash.
Earlier Educomp lodged complaint with Economic Offences Wing (Delhi) against malicious emails in circulation. Educomp Solutions Limited also announced it has taken action against persistent malicious emails that are being circulated since the last few days among media and the investor community.
Educomp Solutions Ltd., incorporated in 1994, is a globally diversified education solutions provider and the largest education company in India. For many years, the company has been at the forefront of various pioneering initiatives in the e-education space & has grown as the largest technology driven innovative and number one K-12 Education Company. With an employee base of over 4500 professionals, Educomp currently serves 19,000 schools and 9.4 million learners and educators across the world. Educomp has 27 offices worldwide including an office in Canada, 20 in India, two in Singapore, one in Sri Lanka, and three in the United States.
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