Veranda Learning Solutions to acquire 50% of Tapasya Educational Institutions for Rs 120 Crore

Veranda Learning Solutions, a listed education company, has announced the acquisition of 50% of Tapasya Educational Institutions Private Limited (TEIPL) for a consideration of Rs 120 Crore through its material subsidiary Veranda XL Learning Solutions Private Limited. Tapasya offers services to 19 Inter/ PU Colleges and 10 Degree Colleges across 13 locations in Telangana and Karnataka, with over 13,000 students. The acquisition is expected to deliver a revenue of Rs 65 crores with an EBITDA of Rs 26 crores for FY24.,