Veranda Learning Solutions Ltd terminates SPA for acquisition of T.I.M.E

Veranda Learning Solutions Limited had entered into a Share Purchase Agreement (SPA) for the acquisition of 100% shareholding of T.I.M.E (Advanced Educational Activities Pvt Ltd) a Hyderabad based Company. The completion of acquisition was subject to fulfilment of conditions precedent and other terms agreed upon in the SPA by a mutually agreed long stop date. The transactions could not be consummated by the long stop date. Accordingly, the SPA has now been terminated by the Parties.

Shares of Veranda Learning Solutions Limited was last trading in BSE at Rs. 322.05 as compared to the previous close of Rs. 322.10. The total number of shares traded during the day was 7267 in over 423 trades.

The stock hit an intraday high of Rs. 328.95 and intraday low of 321.45. The net turnover during the day was Rs. 2356873.00.

Source : Equity Bulls

Keywords

VerandaLearningSolutions INE0IQ001011 ELearning Termination Acquisition TIME