Chennai, July 23 -- Listed education company Veranda Learning Solutions Limited on Wednesday said it has successfully completed its first Qualified Institutional Placement (QIP), raising Rs.357.42 crore.
The company raised the sum by issuing 1,58,71,173 equity shares of face value Rs.10 each.
The QIP saw strong participation from notable domestic and global institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, Saint Capital Fund and others.
The shareholder approval for the QIP was secured at the Extraordinary General Meeting held on June 10, 2025.
The floor price was Rs.236.92 per share and the issue price was Rs.225.20 per share.
"This QIP marks a pivotal step towards a...