Dec 7, 2009

Edserv to raise $ 25 million

Chennai based education and placement company EdServ SoftSystems (EdServ) has announced that it plans to raise $25million through a GDR / FCCB issue. This fund raising process is subject to the shareholder approval at the EGM which will be held in Chennai on 11 January 2010. The GDR / FCCB issue is expected to be completed by the first quarter of next year.

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