Veranda Learning Solutions has provided an unsecured loan of $9,10,000 to Veranda Learning Solutions North America -- wholly owned subsidiary (WOS) as margin money for the loan to be availed by the wholly owned subsidiary for acquisition of a potential target.
Besides, the company has remitted $1,000 to subscribe 100 shares of common stock being 100% share capital of Veranda Learning Solutions North America and $1,50,000 towards additional paid in capital.
Veranda Learning Solutions is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively Students) professionals and corporate employees (Learners).
