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Billionaire investor George Soros' hedge fund Quantum (M) has hiked its stake in Educomp Solutions to nearly 6% through purchase of shares worth Rs 112.35 crore.

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Quantum (M) has acquired three lakh shares representing 1.18% stake worth Rs 112.35 crore in the company by private placement of shares, Educomp said in a disclosure to the Bombay Stock Exchange.

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Prior to the acquisition the foreign fund held 4.79 per cent stake, which increased to 5.97 per cent comprising 11.29 lakh shares in the IT education services provider. 

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Earlier this month, British publishing group Pearson formed a joint venture with Educomp Solutions Ltd, an educational-content and software maker, for vocational training, in which the UK company picked up a 50% stake in for $17.5 million.

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Shares of Educomp were trading at Rs 4,089, up 4.66 per cent in the morning trade on the BSE.

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