Veranda Learning Solutions zooms after its arm acquires further stake in Tapasya Educational Institutions
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Veranda Learning Solutions is currently trading at Rs. 205.60, up by 6.10 points or 3.06% from its previous closing of Rs. 199.50 on the BSE.
The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 210.00 and Rs. 198.60 respectively. So far 32452 shares were traded on the counter.
The BSE group 'B' stock of 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. 155.00 on 13-Jun-2023.
Last one week high and low of the scrip stood at Rs. 231.50 and Rs. 179.00 respectively. The current market cap of the company is Rs. 1407.48 crore.
The promoters holding in the company stood at 53.63%, while Institutions and Non-Institutions held 2.36% and 44.01% respectively.
Veranda Learning Solutions’ subsidiary -- Veranda XL Learning Solutions (VXL) has acquired further equity shares from the existing shareholder of Tapasya Educational Institutions and VXL now holds 51% of the share capital of Tapasya Educational Institutions. Consequently, Tapasya Educational Institutions has become a Subsidiary of Veranda XL Learning Solutions and Stepdown subsidiary of the Company.
Veranda XL Learning Solutions’ main objects are to carry on the business of both formal and informal education both organically and by acquisition of entities to train students in both India and abroad for various educational programs including curricular, co-curricular or extra-curricular activities and training for all competitive examinations. The acquisition of Tapasya is in line with and is a natural extension of the business of the acquiring entity and the VLS group.
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).
