Veranda Learning Solutions has successfully completed its first-ever Qualified institutional placement (QIP), raising Rs 357.42 crore to reduce debt and fuel growth. The QIP saw participation from several institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, and Saint Capital Fund, among others.
This QIP marks a pivotal step towards achieving financial agility and operational scale. A large portion of the proceeds will be used to deleverage balance sheet, including repayment of the Ascertis Credit facility, significantly improving debt profile. The remainder will be invested in strategic growth initiatives across the company’s verticals, aimed at unlocking long-term shareholder value. Systematix Corporate Services was the sole Book Running Lead Manager for the transaction.
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) enrolled with its courses through multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.
| 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.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: