Saraswati Commercial (India) Limited has successfully completed its investment of ₹9.99 crore in Veranda Learning Solutions Limited through a Qualified Institutional Placement (QIP). The non-banking financial company (NBFC) acquired 4,44,049 equity shares at ₹225.20 per share, securing a 0.47% stake in the EdTech platform.

Investment Details

The shares were credited to Saraswati Commercial's demat account on July 24, marking the completion of the transaction. This investment was part of Veranda Learning Solutions' larger ₹380 crore QIP issue, with Saraswati Commercial participating as a financial investor in the Qualified Institutional Buyers (QIB) category.

About Veranda Learning Solutions

Veranda Learning Solutions operates an integrated online-to-offline EdTech platform, offering learning programs for competitive and professional exams. The company has shown significant financial performance, reporting:

Strategic Move for Saraswati Commercial

As an NBFC engaged in investment activities, Saraswati Commercial's participation in this QIP aligns with its core business strategy. The company stated in its regulatory filing that the investment exceeds the threshold specified in Regulation 30(4)(i)(c)(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which is 2% of the net worth as per the last audited consolidated financial statements.

Market Impact

This investment by Saraswati Commercial in Veranda Learning Solutions demonstrates confidence in the EdTech sector's growth potential. It also highlights the attractiveness of Veranda's business model in the competitive and professional exam preparation space.

The successful completion of this QIP by Veranda Learning Solutions, with participation from institutional investors like Saraswati Commercial, is likely to strengthen its financial position and support its growth initiatives in the dynamic EdTech market.

As the EdTech sector continues to evolve, strategic investments like these could play a crucial role in shaping the competitive landscape and driving innovation in online and offline learning solutions.

Saraswati Commercial (India) Limited , a Non-Banking Financial Company (NBFC) specializing in investments in shares and securities, has made a significant move in the e-learning sector. The company has invested approximately Rs. 10.00 crores in Veranda Learning Solutions Limited through a Qualified Institutional Placement (QIP).

Investment Details

Saraswati Commercial has subscribed to 4,44,049 equity shares of Veranda Learning Solutions at Rs. 225.20 per share. This investment, valued at Rs. 10.00 crores, was made as part of Veranda Learning Solutions' QIP issue worth Rs. 380.00 crores.

Strategic Significance

The investment by Saraswati Commercial is noteworthy as it exceeds 2% of the company's consolidated net worth, triggering a regulatory disclosure under SEBI guidelines. This move aligns with Saraswati Commercial's core business strategy as a financial investor in the normal course of its operations.

About Veranda Learning Solutions

Veranda Learning Solutions, incorporated on November 20, 2018, is an integrated Online to Offline (O2O) EdTech platform. The company offers a wide range of learning programs for competitive and professional exams, as well as tech upskilling courses. Some key financial highlights of Veranda Learning Solutions include:

Veranda Learning Solutions reported a consolidated net worth of Rs. 256.96 crores.

Transaction Timeline

The acquisition of shares is expected to be completed soon. Saraswati Commercial has confirmed that this investment does not involve any related party transactions and has been made purely as a financial investment.

Market Impact

This investment by Saraswati Commercial (India) Limited in Veranda Learning Solutions' QIP demonstrates continued investor interest in the growing EdTech sector in India. It also highlights the strategic moves being made by NBFCs to diversify their investment portfolios in promising sectors.

As the e-learning industry continues to evolve, such investments could play a crucial role in shaping the future of education technology in India.