Veranda Learning Solutions has informed that it enclosed a copy of the press release with regards to fund raising of Rs 300 Crore through a Preferential offer of Equity Shares and Convertible Warrants. The fund raise is through a mix of preferential offer of 77,97,718 Equity Shares to non-Promoters and 20,00,000 Convertible Warrants to promoters at an issue price of Rs 307 Per Share. Each Warrant is Convertible into 1 Equity Share with in 18 months from the date of allotment. A copy of the same will also be uploaded on the Company’s website www.verandalearning.com.
The above information is a part of company’s filings submitted to BSE.
