Veranda XL Learning Solutions Pvt Ltd to acquire J K Shah Education Pvt Ltd

Veranda XL Learning Solutions Private Limited (VXL), a Wholly Owned Subsidiary of Veranda Learning Solutions Limited, has entered into definitive documents for the acquisition of equity Shares of J.K Shah Education Private Limited ("JKSHAH") (CIN: U80301MH2008PTC179166).

Accordingly, J.K Shah Education Private Limited ("JKSHAH") upon completion of the acquisition would become a Subsidiary of VXL and a Step-down Subsidiary of the Company.

J.K Shah Education Private Limited is in education industry of providing diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants and graduates enrolled with its courses through multitude of career-defining professional courses such as CA, CS, CMA etc.

Veranda XL Learning Solutions Private Limited's (subsidiary of Veranda Learning Solutions Limited) main objects are to carry on the business of both formal and informal education both through franchising and self-owned centers to train students in both India and abroad for various educational programs including training for all competitive examinations.

The acquisition of the target entity is in line and is a natural extension of the business of the acquiring entity. Veranda XL Learning Solutions Private Limited is in the business of providing CA coaching classes which is similar to the target entity.

The acquisition will be through Cash consideration of 337.82 crores for 76%. The final closing value will be based on turnover for the period from 1st November 2024 to 31st October 2025.

Source : Equity Bulls

Keywords

VerandaXLLearningSolutions VerandaLearningSolutions Acquisition JKShahEducation