Veranda Learning gets approval to raise Rs 250 Cr via preferential issue

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Veranda Learning gets approval to raise Rs 250 Cr via preferential issue - YourStory

Quick Summary:

The Suresh Kalpathi-led firm plans to acquire a 51% stake in BB Publications Private Limited for Rs 126.2 crore and a 65% stake in Navkar Digital Institute Private Limited for Rs 45.5 crore.

Veranda is focused on creating value through its strategic four-pillar approach, which includes academics, commerce, government test preparation, and study abroad.

These acquisitions will enhance Veranda’s existing portfolio in chartered accountant, cost management accountant, and association of chartered certified accountants coaching offerings and will be integrated with JK Shah Classes.