Veranda Learning fully acquires VXL, boosting equity

Veranda Learning Solutions Limited announced the successful completion of acquiring the remaining 24% equity stake in Veranda XL Learning Solutions Private Limited (VXL), making VXL a wholly-owned subsidiary. This acquisition, combining cash and share swap considerations, was finalized on September 10, 2025.

The acquisition involved two components: a share swap for a 12% equity stake and a cash consideration for the remaining 12%. For the share swap, the company allotted 2,016,124 fully paid-up equity shares at an issue price of INR 248 per share, including a premium of INR 238, totaling INR 49,99,98,752. This was in consideration for 949,485 equity shares of VXL, representing 12% of VXL's equity share capital.

Following this allotment, the company's paid-up equity share capital increased from INR 93,60,22,710 to INR 95,61,83,950. The remaining 12% equity stake was acquired through a cash consideration for 949,485 fully paid-up equity shares of VXL. As a result, Veranda Learning Solutions now holds 100% of VXL’s fully diluted equity share capital.