Acquisitions26 Jul 2025, 02:00 pm
Veranda Learning Solutions Completes Acquisition of Neyyar Academy and Neyyar Education
AI Summary
Veranda Learning Solutions Ltd has completed the acquisition of the remaining equity stake in Neyyar Academy Private Limited and Neyyar Education Private Limited. The acquisitions were carried out for cash consideration, making Neyyar Academy and Neyyar Education wholly owned subsidiaries of VALSPL, a wholly owned subsidiary of the Company.
Key Highlights
- Veranda Learning Solutions completes acquisition of Neyyar Academy and Neyyar Education
- Acquisitions carried out for cash consideration
- Neyyar Academy and Neyyar Education become wholly owned subsidiaries of VALSPL
- VALSPL acquires 6.52% Equity Share Capital of Neyyar Academy and Neyyar Education
- Acquisitions in line with Regulation 30 of SEBI (LODR)2015-Update on Acquisitions Requirements) Regulations, 2015 as amended”