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Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in

EntrackrEntrackr · 1d ago
Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in
Medial

Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in Edtech company Veranda Learning witnessed significant block deal activity on Tuesday, with a mix of institutional buying and promoters’ stake sales shaping the trade. Authum Investment & Infrastructure, a non-banking finance company with exposure to capital markets, emerged as the biggest buyer, picking up 58 lakh shares worth Rs 133.5 crore. Global investment bank Goldman Sachs (Singapore) also joined the buy-side, acquiring 7.6 lakh shares worth Rs 17.5 crore. On the selling side, promoters K S Ganesh, K S Suresh, and K S Aghoram offloaded 22 lakh shares each, accounting for nearly 17% of the promoters’ holding. These transactions were executed at an average price of around Rs 230 per share, aggregating to Rs 152 crore. Veranda Learning reported 17% year-on-year growth in its operating revenue to Rs 139 crore in the first quarter of FY26. Meanwhile, the company recorded a profit of Rs 6 crore in Q1 FY26 as compared to a loss of Rs 26 crore in Q1 FY25. The company’s total market capitalization stands at Rs 2,155 crore (approx $245 Mn).

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Veranda Learning acquires 40.41% Stake in BB Virtuals and 65% in Navkar Digital

EntrackrEntrackr · 6m ago
Veranda Learning acquires 40.41% Stake in BB Virtuals and 65% in Navkar Digital
Medial

Veranda Learning acquires 40.41% Stake in BB Virtuals and 65% in Navkar Digital Veranda Learning Solutions has acquired a 40.41% stake in the CA coaching class BB Virtuals and a 65% stake in the offline coaching provider in Gujarat, Navkar Digital. Veranda Learning will buy an additional 10.59% stake in BB Virtuals by June 2025. This will strengthen Veranda Learning's position in commerce education across India, and its commerce division is expected to reach a pro forma EBITDA of over Rs 120 crore for FY25. Founded in 2018 by Kalpathi AGS Group, Veranda is a publicly listed digital learning platform offering test prep for government exams, banking, insurance, railways, and more. In December last year, Veranda Learning Solutions received approvals to raise Rs 250 crore through a preferential issue. Started by Bhanwar Borana, BB Virtuals is an online platform for CA and commerce aspirants. BB Virtuals claims to have trained over 200,000 students online, producing more than 500 all-India rank-holders. 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 Digital is a well-established offline education platform for chartered accountancy (CA), company secretary (CS), and cost & management accountancy (CMA) aspirants in Gujarat.

Veranda Learning completes first‑ever QIP worth Rs 357 Cr

EntrackrEntrackr · 1m ago
Veranda Learning completes first‑ever QIP worth Rs 357 Cr
Medial

Veranda Learning, an education company offering end-to-end learning solutions across the education value chain, has completed its first-ever Qualified Institutional Placement (QIP), raising Rs 357.42 crores through the issuance of 1,58,71,173 equity shares of face value Rs 10 each. The QIP witnessed participation from domestic and global institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, Saint Capital Fund, among others. The proceeds will be used to deleverage the balance sheet, including repayment of the Ascertis Credit facility and growth initiatives across verticals, aimed at unlocking long-term shareholder value, Veranda said in a press release. According to Veranda, the demand reflects broad endorsement of its differentiated multi-vertical education model and its long-term growth strategy. Systematix Corporate Services acted as the sole Book-Running Lead Manager for the transaction. Veranda Learning offers a variety of training programs, including competitive exam preparation for exams like State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as professional upskilling courses. The company operates through a multi-modal delivery system, including online, offline, and hybrid formats. Founded in 2018 by the Kalpathi AGS Group, Veranda Learning has a presence across schools, test prep, study abroad, software upskilling, and higher education. Its differentiated pedagogy, multi-modal delivery, and commitment to student outcomes have driven rapid expansion across India. It aims to democratize high-quality education at scale using technology, robust academic frameworks, and outcome-driven models.

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