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Veranda Learning Solutions Limited has signed a definitive agreement to acquire T.I.M.E. (Advanced Educational Activities Pvt Ltd) for ₹287 crore. This 100 per cent acquisition will be in a phased manner with 80 per cent of the outstanding capital along with management control in phase 1, followed by the purchase of the remaining 20 per cent at the end of two years (subject to the fulfillment of closing conditions), the company said in a statement. Headquartered in Hyderabad, T.I.M.E. is a test-prep institute with a pan-India presence operating through 188 centres including franchisees spread across 98 cities in India.
Source Name:-thehindubusinessline