Board Meeting21 Mar 2024, 11:42 pm
Veranda Learning Solutions Ltd Approves Raising up to Rs. 125 Crores for Inter-Corporate Loans and Other Purposes
AI Summary
The Board of Directors of Veranda Learning Solutions Ltd held a meeting on 21st March 2024 and approved raising funds up to Rs. 125 Crores for inter-corporate loans, refinancing existing loans, working capital, and general corporate purposes. The company's subsidiaries Veranda XL Learning and Veranda Race Learning Solutions Private Limited also approved raising funds for their respective needs. This information is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Board of Directors approve fundraising up to Rs. 125 Crores
- Funds for inter-corporate loans, refinancing, working capital, and general corporate purposes
- Veranda XL Learning and Veranda Race Learning Solutions also raise funds for acquisitions, inter-corporate loans, etc.