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Having the same issue as in this post: 

Syncfusion.EJ2.MVC4 has Syncfusion.Licensing (>= 25.1.38) as a dependency. I have both at

 25.1.38 installed.

Then "@Html.EJS().ScriptManager()" line in _Layout.cshtml throws the following error:

Could not load file or assembly 'Syncfusion.Licensing, Version=25.1400.38.0, Culture=neutral, PublicKeyToken=632609b4d040f6b4' or one of its dependencies. The located assembly's manifest definition does not match the assembly reference. (Exception from HRESULT: 0x80131040)

Trying to downgrade to 

25.1.37 does not resolve the issue.

As author of above linked post suggests, It only works when I downgrade to 
25.1.35 on both Licensing and MVC4.