Press Release30 Mar 2024, 07:40 pm
Veranda Learning Solutions Acquires Tapasya Educational Institutions for Rs 240 Crores
AI Summary
Veranda Learning Solutions Limited has announced the acquisition of 50% equity shares of Tapasya Educational Institutions Private Limited through its subsidiary, Veranda XL Learning Solutions Pvt Ltd, valuing Tapasya at Rs 240 crores. With this acquisition, Veranda aims to unlock synergies, reach over 1 million students by FY24, and have a significant footprint in Telangana and Karnataka markets.
Key Highlights
- Veranda Learning Solutions Limited acquires 50% equity shares of Tapasya Educational Institutions Private Limited
- Valuation of Tapasya at Rs 240 crores
- Veranda committed to reaching over 1 million students by FY24
- Significant footprint in Telangana and Karnataka markets
- Tapasya provides services to 19 Inter/PU Colleges and 10 Degree Colleges, with over 13,000 students