Veranda Learning likely to raise up to ₹380 crore via QIP to reduce high-cost debt: Exclusive
Published on 16/07/2025 11:53 AM
Veranda Learning likely to raise up to ₹380 crore via QIP to reduce high-cost debt: ExclusiveVeranda Learning Solutions Ltd. may look to raise up to ₹380 crore via QIP, and its pricing is likely to be at a significant discount to its closing market price, sources said.By Vivek Iyer July 16, 2025, 11:53:51 AM IST (Published)1 Min ReadVeranda Learning Solutions Ltd. is likely to raise funds via qualified institutional placement (QIP) this week, people in the know told CNBC-TV18 on Wednesday, July 16.
The company may look to raise up to ₹380 crore via QIP, and its pricing is likely to be at a significant discount to its closing market price, sources said.
The fund raise is mainly aimed at reducing the company's high-cost debt, sources added.
Veranda Learning had borrowings and financial liabilities of around ₹870 crore at the end of the financial year 2025.
CNBC-TV18 has reached out to Veranda Learning for a comment, it is yet to receive a response.
Shares of Veranda Learning gained 3.3% to hit an intraday high of ₹269.51 apiece on Wednesday, July 16. The stock was trading 1.96% up at ₹266.03 apiece at 11.15 am. It has risen 36.19% in the past month and 7.75% this year, so far.
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