Veranda Learning Solutions acquires TIME

29 Apr 2022 , 01:32 AM

Veranda Learning Solutions has signed a definitive agreement to acquire TIME Advanced Educational Activities For a consideration of Rs 287 crore this 100Percentage acquisition will be in a phased manner with 80Percentage of the outstanding capital along with management control in phase 1 followed by the purchase of the remaining 20Percentage at the end of two years subject to the fulfillment of closing conditions TIME is Indias leading test-prep institute with a pan-India presence operating through 188 centres including franchisees spread across 98 cities in India and is headquartered in Hyderabad