The Karnataka High Court on Tuesday passed an ad-interim order attaching 17,891,289 equity shares of Aakash Educational Services Ltd in which Byju Raveendran is stated to have a beneficial interest ...
The Karnataka high court order raises the question of whether Aakash can produce a clean paper trail—shareholding records, ...
The verdict clears the way for Aakash to undertake its rights issue, a move that will dilute BYJU’S stake in Akash from 25.75% to less than 5% Last month, Aakash’s shareholders approved an increase in ...
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Mint Explainer | Why Aakash’s ₹250-crore fundraise is now a proxy fight over Byju’s ownership
Crisis-hit Aakash Educational Services Ltd (AESL) thought a ₹250-crore rights issue would be its big reset after senior exits and a swing to losses in FY23. The test-prep chain, once a profit engine ...
The troubled edtech BYJU’s parent Think & Learn has moved the NCLAT against the order on AESL’s EGM to approve a rights issue Senior advocate CA Sundaram sought a stay to protect the interest of Think ...
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