A detailed order will be uploaded by the National Company Law Appellate Tribunal (NCLAT) shortly.
Maheshwari will lead overall business, strategy and P&L, and accelerate adoption of artificial intelligence across customer experience, products and service delivery, the company announced on September 24.
Founder Jagdish Chand Chaudhary, a minority shareholder in the Byju’s subsidiary, has joined other minority shareholders, including the Glas Trust, to contest changes to the Articles of Association
The new appointment comes months after reports said that Aakash Chaudhry, the promoter of Aakash Educational Services won't be returning as CEO of the coaching company.
Founder Chaudhry’s family maintains about 18 per cent in AESL and Blackstone the remaining 12 per cent. The deal envisaged AESL merging with TLPL as it was more tax efficient for the seller Chaudhrys.
Unacademy’s hope may lie in offline coaching centres, which go against its original goal of tech-driven disruption, but are a dependable and lucrative business model
The deal, if it happens, will be a mix of cash and stock, with the merged entity exploring an IPO instead of Aakash alone seeking a public listing
Aakash Educational Services will issue the notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
Faced with falling demand for online classes, Vedantu is betting on a hybrid strategy, where it plans to offer online and offline coaching in rural and lower-tier towns at a lower price point.
The size of the IPO could be in the range of a billion dollars, valuing Aakash at $3.5-$4 Billion. While it expects to file papers with the market regulator in January next year, it plans to list by June 2024, or the first half of FY24.
Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, the payment made on Thursday was for a stake of about 38% owned by Blackstone in the learning center chain Aakash.
Abhishek Maheshwari joined Byju's in July 2019, prior to which he was the India head of the Walt Disney Company.
The company has manufactured 100,000 tablets for the Ministry of Human Resource Development's National Mission on Education
The government is all set to cancel the Aakash tablet - India's low cost version of an iPad - that is suffering from delays in manufacturing, a faulty processor and low memory.
Last month, President Pranab Mukherjee and Human Resources and Development (HRD) minister MM Pallam Raju launched the Aakash 2 tablet for students at a subsidised price as low as Rs. 1,130. Its commercial version is also available in the market. Here's all you need to know about the Aakash 2.
Yesterday, right on cue, on the occasion of India's Presidency of the UN Security Council, the Permanent ...
Bringing some clarity to the current haze, Datawind CEO Suneet Singh Tuli has assured that the company will clear the remainder of paid orders for Ubislate...
Datawind, the Canadian manufacturer of India's low-cost computing dream is receiving queries from other government agencies, pertaining to the supply of the Aakash 2 tablet.
Right on cue, on the occasion of Education Day yesterday, President Pranab Mukherjee and the HRD minister, MM Pallam Raju, launched the Aakash 2 tablet...
Indian-origin CEO of Datawind, the maker of India's low-cost tablet Aakash, Suneet Singh Tuli and Massachusettes Institute of Technology professor Anant Agarwal have been named by Forbes magazine among the 15 "classroom revolutionaries"
Indias improved attempt at low-cost computing is on its way to the United Nations (UN), as the nation is scheduled to showcase its innovation behind developing the most competitively priced tablet computer.
On November 11, i.e., on Education Day this year, the tablets will be officially launched in the country, by President Pranab Mukherjee.
Kapil Sibal, affirmed yesterday that Aakash 2, the upgraded version of the Aakash tablet, will have a SIM card slot.
Telecommunications minister, Kapil Sibal, recently stated that the Aakash 2 tablet may be expected to reach students on November 11 this year...