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Veranda Learning Solutions is currently trading at its upper circuit limit of Rs. 229.25, up by 20.80 points or 9.98% from its previous closing of Rs. 208.45 on the BSE.

The scrip opened at Rs. 229.25 and has touched a high and low of Rs. 229.25 and Rs. 229.25 respectively. So far 66650 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.25 on 27-Apr-2022 and a 52 week low of Rs. 149.15 on 11-Apr-2022.

Last one week high and low of the scrip stood at Rs. 229.25 and Rs. 171.60 respectively. The current market cap of the company is Rs. 1162.64 crore.

Veranda Learning Solutions has signed a definitive agreement to acquire T.I.M.E. (Advanced Educational Activities). For a consideration of Rs 287 crore, this 100% acquisition will be in a phased manner with 80% of the outstanding capital along with management control in phase 1, followed by the purchase of the remaining 20% at the end of two years (subject to the fulfillment of closing conditions).

T.I.M.E. is India’s leading test-prep institute with a pan-India presence operating through 188 centres including franchisees spread across 98 cities in India and is headquartered in Hyderabad. Having trained around 22 lakh students since its inception in 1992 and with a run rate of training almost 1.1 lakh students every year, it has been recognized as India’s leading institute for MBA test-prep with around 37,000 unique test takers for its flagship online CAT test series – AIMCAT.

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).