Veranda Learning Solutions has informed that it enclosed a copy of the press release announcing the allotment of 20 lakh equity shares to the promoters of the company at Rs 307 per share. This allotment follows the conversion of 20 lakh warrants, with an aggregate amount of Rs 46.05 crores, representing 75% of the issue price, which was paid on 26th April 2024. This not only increases Veranda Learning’s net worth but also significantly augments its liquidity. The promoters had previously paid 25% of the issue price upon warrant allotment on October 28, 2022. On April 26, 2024, the Allotment Committee approved the allotment of equity shares. 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.
