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    • CCI clears Manipal Group's stake purchase in Aakash Educational Services

      Manipal Group through its affiliates, Manipal Health Systems and Manipal Education and Medical Group India (MEMG), will acquire stakes Aakash Educational Services.

    • 'Need urgent funds to survive': Aakash pleads with NCLT to lift stay amid investors dispute

      The statement came as part of Aakash’s plea challenging the NCLT order that halted the company’s attempt to amend the AoA, the move opposed by investor Singapore Topco.

    • Byju's seeks 48 hours to decide on undertaking to not sell or pledge assets

      Byju's United States based have filed a plea to prevent the troubled edtech firm from pledging, selling or transferring its shares

    • Aakash Chaudhry set to return as CEO of Aakash Educational Services as Byju’s closes in on share swap deal

      Chaudhry family, the promoter family of Aakash, which holds about 18 percent of the company's shares, will continue to hold around 8.5 percent in the tutoring unit and receive about 1 percent of Think & Learn Pvt.'s shares at less than half of its previous $22 billion valuation, post-transaction.

    • Byju’s sets up panel to appoint CEO and CFO for Aakash

      The panel is likely to select the new CEO and CFO soon, and will conduct scheduled meetings to ensure the smooth operation of Aakash Education Services.

    • Unacademy snaps up Aakash veteran Anurag Tiwari to head offline classes division

      Tiwari, an educator with over 18 years of experience, was with Byju's-owned Aakash for more than 13 years, serving as its National Academic Director

    • Byju’s lenders accused of using bogus loan-default claims

      Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education-technology provider, the firm’s lawyer told a judge.

    • White Knight? Ranjan Pai in talks to invest $80-90 million in Byju’s-owned Aakash

      The company is further seeking another $200 million (Rs 1,600 crore) in Aakash as a part of the funding round where sovereign wealth funds are expected to come on board.

    • 'Fundamentals for long-term growth in India are outstanding': Blackstone's Jonathan Gray

      Blackstone, the largest owner of commercial and retail real estate in India, has been investing in the country since 2006 and has pumped in $50 bn across sectors.

    • Byju's turns to wholly-owned Aakash for unsecured Rs 300 crore loan for 'principal business activities'

      Byju’s has raisied an unsecured loan from its wholly-owned subsidiary at a time when the company is aggressively looking to cut costs amid a prolonged funding winter for the edtech sector

    • Byju’s has a week left to pay Blackstone Rs 2,000 crore for Aakash deal

      If Byju’s fails to complete the payment by September 23, the company will have to seek an extension from the RBI for closing the transaction, according to lawyers Moneycontrol spoke with.

    • Byju's-owned Aakash Educational Services eyes 60-70% growth this year; new centres, hiring on cards

      AESL’s positive commentary assumes significance given that reopening of schools and colleges in the offline mode has hit the business models of many new-age edtech startups.

    • Aakash Educational founder, fresh off Byju’s deal, buys Delhi bungalow for around Rs 100 crore

      There are only 25-odd plots of this large size in Vasant Vihar area, others are either 1,200 sq yard, 1,000, 600 or 400 sq yards.

    • Can Byju’s Aakash deal revive the Ed-tech sector? 

      The coronavirus-led lockdown was a blessing for Byju’s and every other player in the Ed-tech space. 

    • Byju's acquires Aakash Educational Services

      According to sources, the deal is worth close to USD 1 billion (about Rs 7,300 crore) - making it the biggest acquisition by Byju's to date.

    • Byju's in talks to raise $700 million, valuation likely to cross $15 billion: Report

      Byju's will use the funds to acquire Aakash Educational Services.

    • Aakash, Century Metal Recycling, Ami Organics get SEBI's go-ahead for IPO

      SEBI's observations are necessary for any company to launch public issues such as IPO, follow-on public offer and rights issue

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