ET Intelligence Group: Veranda Learning Solutions (VLS) plans to raise Rs 200 crore from the primary market to repay debt, to pay for an acquisition and to use towards growth initiatives. The promoter group stake will fall to around 66% after the IPO from 89.2%. The company operates in the fast growing education, training and preparation sector in India. However, given the stiff competition, small scale of present operations and net losses,
Veranda Learning IPO: Veranda Learning to raise Rs 200 cr from primary market; should you invest in the IPO?
