CNBC-TV18 Newsbreak Confirmed: Veranda Learning launches ₹380 cr QIP
Published on 17/07/2025 09:47 PM
CNBC-TV18 Newsbreak Confirmed: Veranda Learning launches ₹380 cr QIPVeranda Learning has launched a ₹380 crore QIP at a 15% discount, confirming a CNBC-TV18 Newsbreak, with proceeds earmarked for debt repayment and business growth acceleration.By Vivek Iyer July 17, 2025, 9:47:29 PM IST (Published)1 Min ReadVeranda Learning Solutions Ltd has launched a Qualified Institutions Placement (QIP) to raise up to ₹380 crore, including a green shoe option of ₹30 crore.
The issue price has been fixed at ₹225.20 per share, reflecting a 15.31% discount to Wednesday’s closing price.
CNBC-TV18 Newsbreak confirmed the launch, with sources telling the channel on July 16 that the fundraise had been initiated. Proceeds will be used to repay debt at subsidiary Veranda XL Learning Solutions Pvt Ltd and for general corporate purposes.
As of FY25-end, Veranda had borrowings and financial liabilities of around ₹870 crore. The company recently raised ₹48 crore via a preferential allotment to non-promoter investors.
Shareholders had approved the enabling resolution in June, stating the move will enhance liquidity, accelerate growth, and ensure critical business arms are debt-free.
Ahead of the announcement, shares of Veranda Learning ended 2.41% higher at ₹264 on NSE on Thursday.Continue Reading(Edited by : Sheersh Kapoor)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsQIPshare market todayVeranda Learning Solutions