Veranda Learning Solutions Limited announced the acquisition of J. K. Shah Education Pvt Ltd through its subsidiary, Veranda XL Learning Solutions Pvt Ltd.
The total cost of the acquisition was Rs337.82 crores for 76% of equity. The entire transaction will be funded through a combination of debt and equity, Veranda Learning Solutions Limited told the exchange.
J. K. Shah Classes has been a pioneer in coaching Chartered Accountant, Company Secretary, and CMA aspirants in India for the last 39 years, and is one of the largest test-prep organisations in India. It currently operates through 75 centres located across 39 Indian cities and is headquartered in Mumbai.