Veranda Learning Solutions Ltd. is likely to raise funds via qualified institutional placement (QIP) this week, people in the know told CNBC-TV18 on Wednesday, July 16.The company may look to raise up to ₹380 crore via QIP, and its pricing is likely to be at a significant discount to its closing market price, sources said.
The fund raise is mainly aimed at reducing the company’s high-cost debt, sources added.
Veranda Learning had borrowings and financial liabilities of around ₹870 crore at the end of the financial year 2025.
CNBC-TV18 has reached out to Veranda Learning for a comment, it is yet to receive a response.The company had recently raised ₹48 crore through a preferential issue of shares to certain non-promoter entities.
The fund raise is mainly aimed at reducing the company’s high-cost debt, sources added.
Veranda Learning had borrowings and financial liabilities of around ₹870 crore at the end of the financial year 2025.
CNBC-TV18 has reached out to Veranda Learning for a comment, it is yet to receive a response.The company had recently raised ₹48 crore through a preferential issue of shares to certain non-promoter entities.
Veranda’s shareholders had approved the enabling resolution for the institutional share sale in June this year. The company had said that this will help provide liquidity, fast track growth, and to ensure that critical business verticals are made debt-free.
Shares of Veranda Learning gained 3.3% to hit an intraday high of ₹269.51 apiece on Wednesday, July 16. The stock was trading 1.96% up at ₹266.03 apiece at 11.15 am. It has risen 36.19% in the past month and 7.75% this year, so far.
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First Published: Jul 16, 2025 11:53 AM IS
