Veranda Learning shining brighter with Tapasya Education Institutions

Veranda Learning Solutions Limited ("Veranda"), a public listed Education company that offers endto-end solutions in the education space, today announced that it has acquired 50% of equity shares of Tapasya Educational Institutions Private Limited ("TEIPL" or "Tapasya") through its subsidiary, Veranda XL Learning Solutions Pvt Ltd, valuing TEIPL at Rs 240 crores.

The acquisition of Tapasya heralds a new era of growth and opportunity for Veranda. With this addition, they are committed to unlock synergies, harnessing the collective expertise and resources to drive unparalleled value for their stakeholders and to achieve the goal of reaching 1 million students by FY24.

Tapasya, in its journey of over a decade, has been providing services to 19 Inter/PU Colleges and 10 Degree Colleges across Telangana and Karnataka, with over 13,000 students. Tapasya provides management bandwidth and allied services to colleges offering advanced courses in Management and Commerce, nationally and internationally. Tapasya also facilitates students by providing Professional Courses like CA and CMA, as well as Integrated programs.

Mr. Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, expressed his enthusiasm about the collaboration, stating, "By having Tapasya under the Veranda umbrella, we will now have a significant footprint in the Telangana and Karnataka markets. We are thrilled to join forces with Tapasya's team and leverage our collective expertise to innovate and enhance the learning experience for students across the region.

Mr. Muppala Sreedhar, Founder and Chairman of Tapasya Institutions, shared his perspective on their future with Veranda, stating, "The partnership with Veranda marks a momentous leap forward for Tapasya Institutions. This alliance reaffirms our unwavering commitment to nurturing talent, cultivating excellence, and sculpting the leaders of tomorrow who will shape the world with ingenuity and resilience."

Shares of Veranda Learning Solutions Limited was last trading in BSE at Rs. 178.45 as compared to the previous close of Rs. 183.35. The total number of shares traded during the day was 53487 in over 956 trades.

The stock hit an intraday high of Rs. 190.10 and intraday low of 174.50. The net turnover during the day was Rs. 9770781.00.

Source : Equity Bulls

Keywords

VerandaLearningSolutions INE0IQ001011 ELearning Acquisition TapasyaEducationalInstitutions