Veranda to acquire 7 firms, eyes ₹500-cr. in revenue
The Hindu
Veranda Learning Solutions is on the verge of acquiring seven businesses through its wholly owned subsidiary Veranda Administrative Learning Solutions Pvt. Ltd., (VALS) for a total consideration of more than ₹400 crore, ED and Chairman Kalpathi S. Suresh said.
Veranda Learning Solutions is on the verge of acquiring seven businesses through its wholly owned subsidiary Veranda Administrative Learning Solutions Pvt. Ltd., (VALS) for a total consideration of more than ₹400 crore, ED and Chairman Kalpathi S. Suresh said.
The seven entities — Educare Infrastructure, Six Phrase, Smart Bridge, Talent Academy, Talent Publications, Phire Learning, and Bassure — will function under VALS as a single entity with respective brand names.
“We have already signed a binding agreement with shareholders to acquire controlling stake ranging from 51%-76%,” Mr. Kalpathi said. Currently, the documentation process is on and we expect the transaction to be completed within a month. It is a cash (₹120 crore)-cum-stock (₹280 crore) deal.,” he said during an interaction.
The acquisition will be funded by through borrowings, while the internal accruals will be used for working capital requirement and integration,” he said.
According to him, these acquisitions assume significance as they would consolidate the city-based ed-tech platform’s presence in Karnataka, Kerala and Hyderabad.
“We want to complete all the acquisitions as quickly as possible and set the stage for significant growth. The acquisitions are made with an aim at growing 100% year-on-year,” he said.
Amazon said it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates
PFRDA seeks tax neutrality across all NPS payout plans to enhance customer choice and meet diverse pension needs.
Garuda Aerospace and BEL sign MoU to collaborate on supplying advanced drones for India's Defence Forces and security agencies.
Stock markets remain flat amid volatility, with foreign investors selling off equities while domestic buyers show activity.
Microsoft said Tuesday it will shoulder the full electricity costs of its US data centres to prevent American households from facing higher power bills driven by surging AI
The GPU sector is dominated by Nvidia, now the world's most valuable company thanks to frenzied global demand and optimism for AI.
1.2L Turbocharged iTurbo Revotron engine and a twin-cylinder iCNG technology paired with an AMT gearbox.
The Passenger Vehicle PV) segment clocked its highest-ever sales in a calendar year 2025 (CY25) at 44.90 lakh units, growing 5% Year on Year (YoY) driven by Q3 offtake, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.
Human + AI will define the future of work and nearly all HR leaders (97%) anticipate that by 2027, the nature of work will be shaped by humans working alongside AI rather than engaging with it only intermittently, said a Nasscom study conducted in association with Indeed, a US-based job site.
Central bankers express unity with Fed Chair Powell, emphasizing the importance of central bank independence amid political pressures.
Rice exporters urge India's Commerce Ministry for assistance in clearing payments amid Iran's civil unrest impacting trade.
PFRDA forms an expert committee to create a framework for assured payouts under the National Pension Scheme (NPS).
Petroleum Minister Hardeep Puri discusses LNG, LPG, and green hydrogen cooperation with British Columbia's Premier to enhance India-Canada energy partnership.