Veranda Learning Gets Nod To Raise INR 250 Cr Via Preferential Issue

by · Inc42

SUMMARY

  • Kalpathi Group’s edtech venture Veranda Learning Solutions has received approvals to raise INR 250 Cr (around $29.5 Mn) through a preferential issue
  • Veranda plans to acquire 51% stake in BB Publications Private Limited for INR 126.2 Cr and 65% in Navkar Digital Institute Private Limited for INR 45.5 Cr
  • On the other hand, Veranda also made three new board member appointments, while also received board approval to elevate Veranda HigherEd’s chief executive Aditya Malik to the role of Group COO