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Veranda Learning to raise ?250 crore via preferential issue for strategic acquisitions

Veranda Learning Solutions Ltd. has announced plans to raise ₹250 crore through a preferential issue of shares to fund strategic acquisitions and support its growth initiatives. The company, which operates in the education sector, aims to use these funds to expand its offerings and enhance its market presence. The preferential issue will involve issuing shares to a mix of investors, including promoters and non-promoters, at a price determined by the company's board. This move is part of Veranda's broader strategy to consolidate its position in the competitive edtech landscape by acquiring complementary businesses and technologies.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/news/education/veranda-learning-to-raise-250-crore-via-preferential-issue-for-strategic-acquisitions/article68974490.ece ]