Veranda Learning unit to acquire JK Shah Classes for Rs 337.82 cr

Veranda Learning Solutions, a listed education technology company, said on Thursday it has signed a definitive agreement for acquiring equity shares of J K Shah Education through its subsidiary, Veranda XL Learning Solutions.

The transaction will be completed in two phases, with the first seeing the payment of 76 per cent of the outstanding capital for Rs 337.82 crore. The entire transaction will be funded through a combination of debt and equity. Veranda Learning offers training programmes for competitive exams, including those for state public service commission, banking, insurance, and railways. It also offers a slew of professional skilling and upskilling programmes in technology,