Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Veranda Learning Solutions Ltd approves fund raising of Euros 30 million

Posted On: 2022-06-29 22:28:05 (Time Zone: IST)

The Board of Directors of Veranda Learning Solutions Limited ("Company") at its meeting held on June 29, 2022 has approved the binding Term Sheet for the sanction of acquisition financing for an amount of 30 million Euros to be granted to Veranda Learning Solutions North America, Inc, Incorporated as a Wholly Owned Subsidiary of the Company ("Veranda US") for funding of acquisitions proposed to be made by Veranda US in future.

The providing of Corporate Guarantee and execution of Corporate Guarantee Agreement in relation to payment to be availed by Veranda US as a collateral in terms of the Binding Term Sheet and the loan agreement proposed to be entered into between Veranda US and lenders.

The execution of Loan Agreement between the Company and Veranda US in relation to the infusion of funds to the extent of USD 9,10,000 by the Company on arms' length basis as recommended by the Audit Committee.

The creation of a pledge on the entire shareholding of Veranda US held by the Company along with any securities or instruments that the Company acquires on account of any accretion to or in respect of any shares pursuant to any corporate action taken by Veranda US (including by way of additional issuance, bonus issue, consolidation, splits, options, subdivision or reclassification or otherwise) and any securities or instruments that are issued in lieu of, or in relation to, or in respect of, any shares (including any shares or securities of companies following actions such as mergers or demergers) during the tenure of the finance.

Shares of Veranda Learning Solutions Limited was last trading in BSE at Rs. 245.95 as compared to the previous close of Rs. 234.25. The total number of shares traded during the day was 26447 in over 700 trades.

The stock hit an intraday high of Rs. 245.95 and intraday low of 229.90. The net turnover during the day was Rs. 6412386.00.

Click here to send ur comments or to

Other Headlines:

Phoenix Mills Limited - Rating outlook revised to 'Positive', Rating reaffirmed

Gladiator Stocks - Sanghvi Movers - ICICI Direct

CIL Nova Petrochemicals's Manufacturing Plant shut down for maintenance work of Captive Power Plant

Birlasoft Ltd announces record date for buyback of equity shares

Getalong Enterprise Ltd updates on export orders in June 2022

Zee Media Corporation Limited announces resignation of CEO

Mahindra's Farm Equipment Sector Sells 39825 Units in India during June 2022

PVP Ventures Limited updates on corporate guarantee

CSL Finance Limited - Business Update for Q1 FY2022-23

Hero MotoCorp has sold 13.90 lakh units in Q1 FY202-23

Mazagon Dock Shipbuilders launches Fuel Cell Electric Vessel prototype

NFL records total Fertilizer Sale of 15.58 Lakh MT in April - June, 2022

Mafatlal Industries Ltd completes sale of Vrata Tech Solution Pvt. Ltd

Q1 FY2022-23 Business Update of Housing Development Finance Corporation Ltd

Brigade Enterprises Ltd arm updates on acquisition

Ashoka Buildcon Limited JV emerges lowest bidder for Rs. 611 crore project

Escorts Construction Equipment volume grew by 22.5 percent in June 2022

TVS Motor Company Sales Grows By 22% In June 2022

V-Mart Retail Ltd opens 11 new stores in Q1 FY2022-23

KVB Celebrates International MSME Day

Asian Granito's wholly owned subsidiary Future Ceramics commence work on Glazed Vitrified plant at Morbi

ARIES Agro Ltd gets two awards

Bharat Forge successfully completes acquisition of JS Autocast

WardWizard registers YoY growth of 127% for June'22 to June'21, Sells 2,125 units of electric two-wheelers

Mahindra Auto sells 26620 SUV's and 54096 vehicles overall in June 2022

NCC Ltd allots 70 lakh shares

Hindustan Foods completes acquisition of Reckitt Benckiser Scholl India Pvt Ltd

VA Tech Wabag Ltd resumes AGCC Russia project

APL Apollo Tubes Ltd Q1FY23 Sales Volume of 422,788 Ton

Mahamaya Steel Industries Ltd reports 6.75% MoM increase in sales for June 2022

Coal India's production sets record increase of 36 MTs in Q1 FY'23

Maruti Suzuki's sales in June 2022 at 155,857 units

Ashank Desai Awarded 'Lifetime Achievement Award' by Dataquest

NTPC commissions 100MW Ramagundam Floating Solar PV Project

Datamatics recognized in the 2022 Gartner® Magic Quadrant™ for Finance and Accounting BPO

EIL and CSIR-CSIO ink agreement for joint commercialization of Earthquake Warning System

Balkrishna Paper Mills Ltd shuts plant for annual maintenance

Man Infraconstruction to acquire stake in Royal Netra Constructions Pvt Ltd

Sundaram Finance announces demerger of the Fund Accounting Business of Sundaram Fund Services Limited

Steel Strips Wheels Ltd posts 35% YOY Growth in Net Sales in June 2022

Escorts Agri Machinery sold 10,051 tractors in June 2022

IRB Infra's SPV achieves receives Completion Certificate for its Hapur to Moradabad Six Laning Highway Project in Uttar Pradesh

PVP Ventures Ltd enters into agreement with Casagrand Builders for joint development

Wipro updates on sale of preferred stocks of Harte Hanks Inc

CSB Bank Ltd revises interest rates from July 1, 2022

Jubilant HollisterStier to expand its CMO manufacturing facility at Montreal, Canada

CCI approves proposed combination involving Google International LLC and Bharti Airtel Limited

MOIL revises product prices from July 1, 2022

Wonderla Holidays Ltd to expand its business to Bhubaneshwar, Odisha

Cosmo Films appoints Justin Glass as President for North America operations

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020