Processing .....please wait.. 
The article has been forwarded.... 
DB Corp invests 
2.67 Crore in DMC Education
By siliconindia
|
1 Comments
New Delhi: DMC Education, a BSE listed education company, has entered into a Debenture Subscription Agreement with D.B.Corp for allotment of one zero percentage fully convertible debentures of the company having a par value of 
2.67 crore, compulsory convertible into equity shares of 5 each at the end of one year from the date of allotment.
New Delhi-based DMC Education provides training for various entrance examinations and plans to establish themselves across India in the supplemental educational market. They plan to invest the amount for advertisement and brand building of the company.
The company said it would spend the subscription amount for advertisement and brand building of the company. DMC Education was previously known as DMC International, which started as a real estate firm. It then shifted towards the education space. They have made a net profit of 2.34 crore on total revenues of 15.30 crore for the fiscal year ended March.
Recently they acquired Kolkata-based education consulting firm Plansteps for 4.5 crore. Previously they have acquired Mumbai-based software developing company Vsoft Services, which was established in 1996 and is into development of Indian bilingual software. They acquired premier test preparatory institute Trump and Gates from T&G Edutech for 5.65 crore in October 2009. In 2010, they raised 2.67 crore from Brand Equity Treaties, a Times of India Group Company through fully convertible debentures for advertising and brand building.
Anuj Ahuja, CEO of DMC Education, is a talented management professional who is vested with entrepreneurial and commercial skills combined with a focused and futuristic approach. He did his MBA from IIM-Bangalore in 1991. He has more than 15 years of experience in education.
D B Corp, established in 1958, is engaged in printing and publication of Newspaper in three languages across 13 states, with Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar in their flagship; in Radio Business with 'My FM' Radio station in seven states and 17 cities along with strong web presence in India.
2.67 crore, compulsory convertible into equity shares of 5 each at the end of one year from the date of allotment.
New Delhi-based DMC Education provides training for various entrance examinations and plans to establish themselves across India in the supplemental educational market. They plan to invest the amount for advertisement and brand building of the company.
The company said it would spend the subscription amount for advertisement and brand building of the company. DMC Education was previously known as DMC International, which started as a real estate firm. It then shifted towards the education space. They have made a net profit of 2.34 crore on total revenues of 15.30 crore for the fiscal year ended March.
Recently they acquired Kolkata-based education consulting firm Plansteps for 4.5 crore. Previously they have acquired Mumbai-based software developing company Vsoft Services, which was established in 1996 and is into development of Indian bilingual software. They acquired premier test preparatory institute Trump and Gates from T&G Edutech for 5.65 crore in October 2009. In 2010, they raised 2.67 crore from Brand Equity Treaties, a Times of India Group Company through fully convertible debentures for advertising and brand building.
Anuj Ahuja, CEO of DMC Education, is a talented management professional who is vested with entrepreneurial and commercial skills combined with a focused and futuristic approach. He did his MBA from IIM-Bangalore in 1991. He has more than 15 years of experience in education.
D B Corp, established in 1958, is engaged in printing and publication of Newspaper in three languages across 13 states, with Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar in their flagship; in Radio Business with 'My FM' Radio station in seven states and 17 cities along with strong web presence in India.
