Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in

Edtech company Veranda Learning witnessed significant block deal activity on Tuesday, with a mix of institutional buying and promoters’ stake sales shaping the trade.

Authum Investment & Infrastructure, a non-banking finance company with exposure to capital markets, emerged as the biggest buyer, picking up 58 lakh shares worth Rs 133.5 crore. Global investment bank Goldman Sachs (Singapore) also joined the buy-side, acquiring 7.6 lakh shares worth Rs 17.5 crore.

On the selling side, promoters K S Ganesh, K S Suresh, and  K S Aghoram offloaded 22 lakh shares each, accounting for nearly 17% of the promoters’ holding. These transactions were executed at an average price of around Rs 230 per share, aggregating to Rs 152 crore.

Veranda Learning reported 17% year-on-year growth in its operating revenue to Rs 139 crore in the first quarter of FY26. Meanwhile, the company recorded a profit of Rs 6 crore in Q1 FY26 as compared to a loss of Rs 26 crore in Q1 FY25. The company’s total market capitalization stands at Rs 2,155 crore (approx $245 Mn).

Physicswallah is all set to compete against Veranda on the stock market as it received a nod from SEBI for IPO. The Noida-based company is set to raise around Rs 4,600 crore (about $533 million) through a mix of fresh issuance and an offer for sale.

Physicswallah reported over Rs 3,000 crore in operating revenue for FY25, marking approximately 55% growth. The company also significantly reduced its losses, narrowing them by around 80%. These financial details were exclusively reported by Entrackr.