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VERANDA Veranda Learning Solutions News Story

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Consumer DefensivesSpeculativeSmall CapMomentum Trap

India's Veranda Learning falls on launching equity offer at discount

** Veranda Learning Solutions VERN.NS falls as much as 8.19% to 244.12 rupees; marks steepest intraday drop in 3 months

** Edtech services provider launches qualified institutional placement (QIP) issue at 236.92 rupees

** Floor price represents ~11% discount to last close on NSE

** About 767,458 shares traded, 2.3x the 30-day avg

** VERN last down 5%, trims YTD gains to 11.5%

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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