Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
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 feedback@equitybulls.com





Other Headlines:

Marksans Pharma Limited updates on USFDA inspection at Verna, Goa manufacturing facility

Sterling Tools signs MoU with South Korea's Yongin for EV Components Facility, Eyes Rs. 250 Crore Revenue by FY30

Antony Waste Handling Cell Limited - Q4 and FY2024 business update

Ramkrishna Forgings Ltd secures approval to Supply Power Train Components to USA's largest Electric Passenger Vehicle Producer

Gujarat Hotels Ltd recommends final dividend of Rs. 2.50

Bajaj Auto Limited recommends dividend of Rs. 80 per share

Dialog, Axiata Group and Bharti Airtel sign Definitive Agreement to Merge Operations in Sri Lanka

Accelya Solutions' Consolidated Income for Q3 at Rs. 1,309.85 Million

Reliance Industrial Infrastructure Ltd recommends dividend of Rs. 3.50

Infosys to acquire leading Engineering R&D services provider, in-tech

Fortis Healthcare Launches 80-bedded Multi-Speciality Tertiary Care Hospital at Nagarbhavi, Bangalore

Amara Raja Infra Wins Greenko's 700MWp Solar Project

Eimco Elecon India Ltd recommends dividend of Rs. 5

Jyoti Structures Ltd commissions transmission line project from Khavda to Bhuj

OPGCL invokes bank guarantee provided by BGR Energy Systems Limited

Dhanuka Introduces powerful Insecticide 'LaNevo' Alongside a Bio-fertilizer

Airtel celebrates 7.9 million 5G customers in Andhra Pradesh

Emagia Launches Giapay AI-Powered B2B Customer Payments Platform For Global Enterprises

Talbros JV Company secures a landmark multi-year ~Rs. 1,000 Crore Contract from a Leading European OEM

DreamFolks and RedBeryl forge a strategic partnership to provide ultra?luxury experiences

NATCO Pharma Ltd updates on complaint by Fresenius

Shilpa Medicare updates on launch of Pemetrexed Injection, 100mg/10 ml, 500 mg/50 ml, 1000 mg/100 ml

Droneacharya Aerial Innovations Ltd signs agreement with CBAI Technologies Pvt Ltd to purchase 200 Type Certified Training Drones

Vedanta's Hindustan Zinc becomes the 3rd largest producer of Silver Globally

Mastek has been named as a supplier on the UK's Ministry of Defence's £1.2B Digital and IT Professional Services Framework

Capacit'e Infraprojects Ltd receives Orders worth Rs. 549 Crore

Airtel expands its network footprint in Dhar District under its rural enhancement project

Moneyboxx AUM crosses INR 720 crore in FY24, aims to double in FY25

Star Housing Finance Ltd receives Rs. 25 crores term loan sanction from LIC Housing Finance Ltd

LTIMindtree Collaborates with Vodafone to Deliver Connected, Smart IoT and Industry X.0 Solutions

CONCOR signs a Memorandum of Understanding with PSA MESA

SJVN Green Energy Ltd forms JV company

Gujarat Industries Power Company Ltd awards contract for supply of PV modules

Happiest Minds Technologies is ranked #2 among Fortune's Top 30 Future-Ready Workplaces of India

Airtel expands its network footprint in Dewas District under its rural enhancement project

Hampton Sky Realty Ltd - 12 Acres Commercial Project gets Govt NOD, implementation to start soon

Mahindra Lifespaces sells homes worth ?350 Cr in Two Days at Mahindra Zen, Bengaluru's 1st Net Zero Waste + Energy Homes

ICICI Securities Ltd approves 2nd interim dividend of Rs. 17

Rail Vikas Nigam Limited inks MoU Turkish Engineering Consulting & Contracting - TUMAS India Pvt Ltd

Vesuvius group CEO Mr. Patrick Andre inaugurates new Flux plant in Visakhapatnam

NTPC Green Energy Limited Inks MoU with Indus Towers Limited

USFDA determines inspection classification of 'Voluntary Action Indicated' for the Solid dosage manufacturing facility at Roorkee, India

National Fittings Ltd completes sale of factory at Thekkalur

Airtel expands its network footprint in Gandhinagar and Mehsana District under its rural network expansion project

Adani Family completes Ambuja warrant subscription, infuses INR 20,000 Cr to increase stake to 70.3%

Proximus Revamps Customer Service Operations Platform in Collaboration with Infosys

Panabyte Technologies Ltd emerges L1 for tender

KFIL restarts Mini Blast Furnace Operations at Hiriyur Plant amidst market recovery

Biocon Ltd signs an exclusive licensing and supply agreement for generic Ozempic commercialization in Brazil with Biomm S.A.

Emerald Finance Limited partners with Chandigarh Club Ltd


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

disclaimer copyright © 2005 - 2020