The record
Written from the 1 report below. Nothing here is unsourced.
- The promoters of Veranda Learning Solutions have pledged a portion of their equity shares as collateral for a ₹111 crore personal loan.
- The loan was provided by Authum Investment & Infrastructure, which is a significant shareholder of the company.
- Veranda Learning Solutions stated that the company itself is not a party to the pledge agreement.
- Potential future enforcement of this pledge by the lender could change the company's shareholding structure.
What to watch next
- Future enforcement of the pledge by the lender
- Changes to the shareholding pattern of Veranda Learning Solutions
Coverage1
1 report
English national1
All filed from India
Named India · Veranda Learning Solutions · Authum Investment & Infrastructure · Kalpathi S Aghoram · Kalpathi S Ganesh · Kalpathi S Suresh
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