Veranda Learning to raise Rs. 300 crores via preferential Issue
India, September 15, 2022: Veranda Learning Solutions Limited (“Veranda”), a public listed EdTech company (BSE: 543514, NSE: VERANDA), announced that the Board of Directors at it’s meeting held on September,14, 2022 has approved subject to the approval of shareholders at the ensuing EGM on October, 6, 2022 a preferential issue to raise Rs 300 crores . This raise includes an investment of Rs. 61.40 crores to be subscribed by the promoters in the form of Convertible warrants. The fundraise is through a mix of Preferential offer of equity shares and Convertible warrants both at a price of Rs. 307 per share.Each…