Veranda Learning Solutions has launched a Qualified Institutions Placement (QIP) worth ₹380 crore. The move seeks to improve the company’s financial health and support high-priority business initiatives.
Veranda Learning has kicked off a QIP to raise up to ₹380 crore, which includes a ₹30 crore green shoe option. The issue price has been set at ₹236.92 per share, at a significant discount from its previous close of ₹266 on NSE.
The funds are primarily allocated to repay debt at the subsidiary Veranda XL Learning Solutions Pvt Ltd. By the end of FY25, the company reported outstanding borrowings and financial liabilities totalling roughly ₹870 crore.
In June, Veranda Learning’s shareholders approved a resolution to proceed with fundraising via QIP. The resolution outlined that the additional capital would enhance operational liquidity, support organisational growth, and help eliminate debt across its core segments to ensure smoother execution of strategic goals.
Recently, Veranda Learning raised ₹48 crore through a preferential allotment to non-promoter investors, further strengthening its capital base.
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On July 18, 2025, Veranda Learning Solutions share price opened at ₹266.00 on NSE, above the previous close of ₹265.91. During the day, it surged to ₹271.00 and dipped to ₹245.16. The stock is trading at ₹248.95 as of 11:54 AM. The stock registered a significant decline of 6.38%.
Over the past week, it has declined by 2.84%, over the past month, it has moved up by 25.18%, and over the past 3 months, it has moved up by 7.00%.
Veranda Learning’s ₹380 crore QIP demonstrates a targeted effort to de-leverage its balance sheet and fund growth initiatives. With prior investor backing and a market-supported capital plan, the company appears focused on strengthening its financial framework while scaling operations efficiently.
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Published on: Jul 18, 2025, 3:04 PM IST
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