Veranda Learning Solutions has received approval from Board of Directors to raise funds for an amount up to Rs 250 crore through preferential issue. The funds raised will be directed towards acquisitions, deferred consideration payouts, and to grow its existing business. This preferential raise is part of the broader fund-raising plan to be completed this financial year.
The company also planned to acquire 51% stake in BB Publications (BB Virtuals) for a consideration of Rs 126.2 crore and 65% stake in Navkar Digital Institute for consideration of Rs 45.5 crore. These acquisitions will strengthen Veranda’s CA/CMA coaching offerings, reinforcing its position as a leader in commerce education throughout India.
Veranda Learning Solutions, leveraging its extensive experience in training students across diverse domains and geographies, will tailor educational content for Indian students by integrating its distinct pedagogical approaches. This partnership promises to provide Indian learners with a distinctive and highly impactful array of learning solutions for skill development, upskilling and reskilling.
| Company Name | CMP |
|---|---|
| Physicswallah | 108.20 |
| CL Educate | 53.78 |
| Zee Learn | 4.89 |
| Jaro Inst. of Tech&R | 438.95 |
| Crizac | 229.85 |
| View more.. | |
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