PE Fund Investments
Veranda Learning to buy 76% in test prep firm JK Shah for Rs.338-Cr
Chennai-based, publicly listed edtech company Veranda Learning Solutions Ltd is to buy a 76% stake in Mumbai-based J. K. Shah Education Pvt Ltd (JK Shah) for INR 337.82 crore. For FY22, JK Shah had reported a revenue of INR 94 crore. InCredMAPE and KPMG were the buy side advisors while InCorp Advisory was the sell side advisor for the deal. Founded in 1983, JK Shah runs commerce-related coaching classes through its brand JK Shah Classes. It has 75 centres in 39 cities and is focused on CA, CS and CMS exams.
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