Veranda Learning’s QIP Takes Off: Floor Price Set, Growth Strategy Accelerates!

Veranda Learning Solutions Limited announced it has opened its Qualified Institutions Placement (QIP) following a string of board and shareholder approvals. The company's board QIP Committee, in meeting today, approved key resolutions that pave the way for this highly anticipated capital raising.

 

Key Highlights

This QIP issue is anticipated to reinforce the capital base of Veranda Learning Solutions, enabling new growth prospects and complementing its existing growth in the space of digital learning. Compliance of the issue with regulatory guidelines serves as evidence of the company's commitment to transparency and best practices of capital markets conduct.

 

Source: Company Regulatory Announcement (BSE/NSE filing)