Veranda Learning Solutions allots equity shares for acquisition

Veranda Learning Solutions (BSE: 543514) announced the allotment of 2,148,866 equity shares on July 02, 2025, via preferential issue. The shares, with a face value of INR10 each, were issued at INR221 per share, inclusive of a premium of INR211, totaling INR47,48,99,386. This allotment is for consideration other than cash, specifically for the acquisition of 47,489,997 equity shares of Veranda Administrative Learning Solutions Private Limited ("VALSPL"). As a result of this transaction, VALSPL has become a wholly-owned subsidiary of Veranda Learning Solutions. The company stated that the shares will be locked in as per SEBI ICDR regulations. Post-allotment, the paid-up equity share capital of Veranda Learning Solutions has increased to 76,545,114 shares, amounting to INR76,54,51,140.