<ul><li>Veranda Learning plans to raise ₹500 crore through Qualified Institutions Placement (QIP) for debt reduction and potential acquisitions.</li><li>An EGM will be held on June 10 to pass a resolution to raise funds, with a focus on debt reduction.</li><li>Veranda had previously raised funds from BPEA for acquisitions and intends to complete these acquisitions by the first half of FY25.</li><li>Veranda's Board approved the acquisition of a 10.5% stake in BB Publication, a company in online coaching, with the acquisition expected to be completed in tranches by March 31, 2031.</li></ul>

Veranda Learning to raise ₹500 crore via QIP for debt reduction and acquisitions

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