A definitive agreement was signed by the listed education technology business Veranda Learning Solutions to acquire equity shares of J K Shah Education through its subsidiary, Veranda XL Learning Solutions.
Veranda Learning Share Price
The stated deal will be executed in two stages. The first phase of the transaction will see Veranda Learning Solutions share price of 76% for Rs 337.82 crore, and the second phase will see it acquire the remaining in 2025. Veranda Learning Solutions Limited stated in a regulatory filing that a combination of debt and equity would be used to fund the entire acquisition.
About Veranda Learning
Veranda Learning provides preparation courses for several competitive tests, such as those for the state public service commission, banking, insurance, and railroads. It also provides a vast array of professional skill upgrading and technology-related programs.
About JK Shah Online Classes
One of the leading test preparation companies, J K Shah Classes, has been a pioneer in teaching CA, CS, and CMA candidates for the past 39 years. Its headquarters in Mumbai currently conducts business through 75 centers spread over 39 Indian cities. Professor J K Shah will continue to lead the company’s expansion and strategy as Chairman for Life on the Board.
They report that Veranda Learning Solutions and they have joined forces. This would enable them to take advantage of their advanced technology and extensive network to expand their offerings of J.K. Shah Classes. For almost 39 years, the J.K. Shah Classes brand has stood for high-quality coaching and will continue to impact students’ lives. According to J.K. Shah, this would enable us to offer services across several modalities
More on This Agreement between the Veranda Learning App and J. K. Shah Classes
The chairman and executive director of Veranda Learning Solutions, Mr. Kalpathi S. Suresh, commented on the acquisition, saying, “We are glad to announce that today we have successfully reached an important milestone’’. This purchase represents a significant advancement into highly sought-after courses, including Chartered Accountancy (CA) and various financial and business courses. By combining Veranda’s power and technological prowess with J. K. Shah Classes’ strong brand recognition and heritage, we will achieve greater heights in the future.
In addition to enhancing its online and hybrid offerings, Veranda will use its experience to establish J. K. Shah Classes’ presence in the North, South, and East of India. The veranda is dedicated to adding specialized businesses to its portfolio as part of its mission to become a one-stop shop for all of a student’s educational needs at a fair price. They are confident that this acquisition will boost Veranda Learning‘s profitability
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