Mumbai, Feb. 24 -- The company intends to acquire an additional 10.59% stake in BB Virtuals by June 2025.

With these acquisitions, Veranda expects to achieve a pro forma EBITDA exceeding Rs 120 crores for FY25.

BB Virtuals, founded by the renowned chartered accountant (CA) educator Bhanwar Borana, has established itself as a top-notch online platform for CA and commerce aspirants. It has trained over 200,000 students online, producing more than 500 all-India rank-holders.

Navkar Digital, founded by Mr. Hiteshkumar Shah, is a well-established offline education platform for chartered accountancy (CA), company secretary (CS), and cost & management accountancy (CMA) aspirants in Gujarat.

Prof. J.K. Shah, founder of JK Shah Classes, said: ...