Veranda XL Learning Solutions Private Limited ("VXL"), a Wholly Owned Subsidiary of Veranda Learning Solutions Limited ("Company") has now further acquired 12,56,728 equity shares from the existing shareholders of J.K. Shah and consequent to the said acquisition VXL holds 76% of the paid-up share capital of J.K. Shah.
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.
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.
Shares of Veranda Learning Solutions Limited was last trading in BSE at Rs. 174.50 as compared to the previous close of Rs. 175.95. The total number of shares traded during the day was 29076 in over 688 trades.
The stock hit an intraday high of Rs. 180.20 and intraday low of 168.80. The net turnover during the day was Rs. 5040328.00.