Veranda Learning Solutions, a listed enterprise providing end-to-end solutions in the education space, has received approvals to raise funds for up to ₹250 crores through preferential issues.
The funds raised will be directed toward acquisitions, deferred consideration payouts, and the growth of its existing business.
Veranda Learning Solutions also announced its plan to acquire a 51% stake in BB Publications (BB Virtuals) for a consideration of ₹126.2 crores and a 65% stake in Navkar Digital Institute for a consideration of ₹45.5 crores.
BB Virtuals, founded by renowned CA educator Bhanwar Borana, is an established online platform for CA aspirants, known for delivering high-quality, accessible learning resources. CA Bhanwar Borana, with over 12 years of teaching experience, has played a crucial role in guiding students to achieve top ranks, having taught more than 200,000 students and produced over 500 rank-holders over the years.
With BB Virtuals’ strong online presence, Veranda will amplify its reach, offering a wider range of resources to support students pursuing professional qualifications in the Commerce segment.
Navkar, founded by educator Hiteshkumar Shah, is an established offline platform for CA aspirants in Gujarat. With over 17 years of teaching experience, Hitesh Shah has built a strong reputation in the education sector. Under his leadership, the institute has become a prominent provider of professional education, specializing in courses for CA, CS, and CMA.
“We are thrilled with the robust response to the private placement driven by marquee investors. This successful fundraising equips Veranda with a robust capital base to drive our next phase of growth and demonstrates the confidence of investors in the vision and our potential for growth. We’re on track to close all acquisitions in this financial year, and no further equity dilution in Veranda Learning is expected beyond this Financial year,” said Executive Director and Chairman of Veranda Learning, Kalpathi S Suresh.
Bhanwar Borana, Founder of BB Virtuals said, “By Partnering with Veranda and leveraging the strength of JK Shah Classes, we will enhance our ability to provide aspirants with the tools and resources they need to succeed in their CA and CMA journeys. Together we will set new standards in commerce test preparation.”
Hitesh Shah, MD of Navkar Institute, said, “We are thrilled to work alongside JK Shah Classes and Veranda Learning, leveraging our combined strengths to grow the business and continue supporting students in achieving their professional dreams.”
“By integrating these companies with JK Shah Classes, we are building a powerful alliance that provides students pursuing commerce education with unparalleled academic support,” said Prof. J.K. Shah highlighting the strategic acquisitions undertaken by Veranda.
