Veranda Learning Solutions surges as its arm raises Rs 10 crore via NCDs
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Veranda Learning Solutions is currently trading at Rs. 299.55, up by 8.85 points or 3.04% from its previous closing of Rs. 290.70 on the BSE.
The scrip opened at Rs. 294.10 and has touched a high and low of Rs. 302.95 and Rs. 292.35 respectively. So far 18242 shares were traded on the counter.
The BSE group 'B' stock ofa face value Rs. 10 has touched a 52 week high of Rs. 337.05 on 12-Dec-2023 and a 52 week low of Rs. 135.05 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 302.95 and Rs. 259.50 respectively. The current market cap of the company is Rs. 2123.95 crore.
The promoters holding in the company stood at 53.63%, while Institutions and Non-Institutions held 2.49% and 43.88% respectively.
Veranda Learning Solutions’ material subsidiary-- Veranda Race Learning Solutions has raised Rs 10 crore through the allotment of 1000 senior, secured, redeemable, unlisted, and non-convertible debentures (NCDs) of a nominal value of Rs 1,00,000 each, to the investors identified. The board of directors of the company at their meeting held on July 10, 2024 has approved the allotment of the same.
Veranda Learning Solutions, leveraging its extensive experience in training students across diverse domains and geographies, will tailor educational content for Indian students by integrating its distinct pedagogical approaches. This partnership promises to provide Indian learners with a distinctive and highly impactful array of learning solutions for skill development, upskilling and reskilling.
