Educomp entered agreement with Ansal Properties

Thebullishtrends: Educomp Solutions shares are tradint at Rs.4005. Educomp Solutions Ltd has informed that Educomp Infrastructure Pvt Ltd (EIPL), a subsidiary of the Company has entered into an collaboration agreement with AnsalsProperties and Infrastructure Ltd (APIL) along with its Associate (Knowledge TreeInfrastructure Ltd) for providing School Building and Infrastructure to EIPL.APIL & its Associates is one of the leading real Estate players engaged in business of constructing / developing properties and Infrastructure on various places and parcels of land & has expertise in the said field.EIPL along with its holding Companies & associates has the requisite expertise of operating & managing Schools.Under the broad terms of the collaboration agreement APIL along with its Associates will build up the School Building and Infrastructure & shall lease out the same to EIPL for a period of 60 years. EIPL will further tie up with various independent trusts to operate the schools. EIPL also has an option to acquire a minority stake in KTIL.This Collaboration agreement will Scale up the school roll out plan for EIPL & leverages the unique abilities of both of the Companies put together.