Investment26 Feb 2026, 11:26 am
Veranda Learning Solutions Subsidiary Secures INR 125 Crores Facility from RBL Bank
AI Summary
Veranda XL Learning Solutions Private Limited, a wholly-owned subsidiary of Veranda Learning Solutions Limited, has entered into a facility agreement with RBL Bank Limited for availing facilities aggregating to INR 125 Crores. The facilities include an Overdraft of INR 2 Crores, Term Loan - 1 of INR 87 Crores, Term Loan - 2 of INR 25 Crores, and a Working Capital Term Loan of INR 11 Crores. The Company received intimation regarding the execution of the facility agreement on February 26, 2026.
Key Highlights
- Veranda XL Learning Solutions Private Limited secures INR 125 Crores facilities from RBL Bank Limited.
- Facilities include Overdraft, Term Loans, and Working Capital Term Loan.
- Veranda Learning Solutions Limited holds 100% of the equity shares in Veranda XL Learning Solutions Private Limited.