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AAKASH INSTITUTE
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...- Akash FY24 revenues flat at Rs 2,437 crore, losses at Rs 2,443 croreAakash Educational Services Limited saw revenues remain steady at Rs 2,437 crore in FY24, but losses surged to Rs 2,443 crore, largely due ...
- Manipal Group submits expression of interest to bid for bankrupt Byju's parentThis is the second submission of EoI from Ranjan Pai’s Manipal Education & Medical Group (MEMG) for Think & Learn after its resolution prof...
- Aakash CFO Vipan Joshi steps down amid senior-level exits, funding challengesThis follows the exit in August of managing director and chief executive officer Deepak Mehrotra, who served in the role for a little over ...
- NCLT orders status quo on Aakash Institute shareholding amid legal disputeThe National Company Law Tribunal (NCLT) ordered Aakash Institute to maintain the status quo on its shareholding amidst a dispute over amen...
- Glas Trust approaches NCLAT seeking to be heard in Aakash caseGlas Trust, representing Byju’s US lenders, seeks an NCLAT hearing on Aakash Institute’s governance changes. Despite Blackstone withdrawing...
- Aakash, Blackstone, Manipal Group oppose Glas Trust’s intervention in minority rights suitThe coaching operator urged the bench to reserve the order but the bench declined to do so.
- NCLT agrees to hear Glas Trust in Aakash minority shareholder rights caseThe NCLT allowed Glas Trust, representing US lenders of Byju’s, to be heard in a case regarding Aakash Institute. The case involves dispute...
- Aakash Institute seeks NCLT nod to amend Articles of Association amid shareholder feudThis follows the subsidiary of Think & Learn, the parent company of embattled edtech firm Byju’s, seeking to remove the rights of minority ...
- Ranjan Pai’s stake buy in Byju's Aakash Educational Services gets CCI green signalThe board of Byju’s-owned Aakash Institute earlier approved the conversion into equity of the $300 million Ranjan Pai, chairman of Manipal ...
- Byju's Aakash Institute appoints Deepak Mehrotra as MD and CEODeepak Mehrotra has been named as the MD and CEO at Aakash Institute. Byju's founder acknowledged his business acumen. Presently, the chair...
- Aakash Chaudhry won’t return to Byju’s; Alteria’s Rs 1,550 crore Fund-IIIHappy Thursday! Talks between Aakash Institute promoters and Byju’s on Aakash Chaudhry’s return to helm the coaching firm have failed. Deta...
- Exclusive: Chaudhry unlikely to return to steer Byju's-owned Aakash InstituteAakash Institute, under Byju's, shifts focus from Aakash Chaudhry's return as CEO. Ranjan Pai emerges as the largest investor, with ongoing...
- Court relief for Byju’s in TLB lenders’ suitThe lenders of Byju’s $1.2 billion term loan had moved the city court last Thursday seeking an ex-parte injunction on the transaction allow...
- Ranjan Pai turns white knight for Byju’s with 40% stake in AakashThe Aakash board has approved the conversion into equity of the $300 million Pai invested during 2023, they added. This values the company ...
- Byju’s-owned Aakash Institute reports 82% rise in FY22 profit to Rs 79.5 croreOperating revenue during the period grew 45% to Rs 1,421 crore, as per the company’s filings with the Ministry of Corporate Affairs on Satu...
- Chaudhry may return as Aakash CEO, nears stock-swap deal with Byju’sChaudhry served as the CEO till November 2020 as part of the founding family that ran Aakash Institute independently.
- Aakash Chaudhry, MD of Aakash Institute, buys Delhi bungalow for Rs 137 croreAccording to the documents by Zapkey.com, Chaudhry paid Rs 8.2 crore as stamp duty for the property, registration for which happened on Aug...
- Aakash Institute to launch Aakash Live program for engineering and medical studentsThe academy would also include several additional features such course schedules, asynchronous discussion sessions, integrated cloud storag...
- Aakash institute opens 3rd centre in Ahmedabad, aims 100 centres by this yearAakash, a coaching institute opens its third centre in Ahmedabad and targets to achieve 100 centres by the end of this fiscal year.
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