Veranda Learning Buys Stake in Navkar Digital and BB Publication

Veranda Learning Solutions Limited (VLS), an education-focused company,  purchased a 40.41% stake in BB Publication Private Ltd, and 65% in Navkar Digital, making it an associate company. 

Purpose of the Acquisition

VLS aims to expand its educational services through both organic growth and acquisitions. BB Publication and Navkar’s expertise aligns with VLS’s focus on training students for competitive exams, making this acquisition a strategic move.

About BB Publication

BB Publication is a private company based in India that provides online coaching and study materials for CA (Chartered Accountant) and CMA (Cost and Management Accountant) courses. In the financial year 2023-24, it had assets worth ₹30.86 crores and a turnover of ₹53.94 crores.

About Navkar Digital

Navkar Digital, founded by Mr Hiteshkumar Shah, is a leading offline education platform in Gujarat for CA, CS, and CMA aspirants, built on his 17 years of teaching excellence. With its acquisition by Veranda, Navkar Digital joins forces with JK Shah Classes and BB Virtuals to enhance commerce education across India. 

Prof. J.K. Shah emphasised that this collaboration creates a strong academic alliance, offering unmatched support to finance students. Mr. Hitesh Shah expressed enthusiasm about integrating technology-driven learning while maintaining the discipline of traditional teaching, ensuring continued success for aspiring professionals.

Financial Considerations and Future Plans

The acquisition cost will be based on BB Publication’s earnings over time, with payments made through cash or share swaps. VLS plans to fully acquire BB Publication by March 2031, integrating it into its education-focused business model.

Share Performance 

As of February 25, 2025, at 10:05 AM, the shares of VLS are trading at ₹234.53 per share, reflecting a surge of 2.41% from the previous day’s closing price. Over the past month, the stock has registered a profit of 8.49%. The stock’s 52-week high stands at ₹360.25 per share, while its 52-week low is ₹135 per share.

Conclusion

Veranda Learning Solutions’ acquisition of a 40.41% stake in BB Publication marks a strategic expansion in the competitive exam training sector. With plans for full ownership by 2031, this move strengthens VLS’s position in the education industry, leveraging BB Publication’s expertise in CA and CMA coaching.

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