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AAKASH RIGHTS ISSUE
Byju’s founder Raveendran sentenced to six months in jail for contempt of courtByju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt....- 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 ...
- Aakash Educational Services appoints Alka Garg as its CFOAakash Educational Services Limited (AESL) has appointed Alka Garg as its new CFO. Garg brings over 22 years of experience with listed comp...
- SC allows Aakash Educational Services to go ahead with rights issueThe Supreme Court has allowed Aakash Educational Services to proceed with its rights issue. This fundraising move was challenged by Byju's ...
- BYJU's parent Think & Learn challenges Aakash rights issue in Supreme CourtThink & Learn, the parent company of BYJU's, has approached the Supreme Court. They seek to stop Aakash Educational Services from moving fo...
- NCLT issues notice to Byju's resolution professional on Aakash's rights issue pleaThe petition filed by Aakash Educational Services questioned the legality of the funds raised by Think & Learn to subscribe to the rights i...
- 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...
- Exclusive: Manipal group’s Ranjan Pai expresses interest in bidding for bankrupt Byju’s parentRanjan Pai’s Manipal Education & Medical Group (MEMG) has emerged as a potential bidder for Think & Learn, the bankrupt parent of edtech fi...
- 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 ...
- SC rejects Byju’s lender's plea; clears path to Rs 240-crore rights issueThe Supreme Court dismissed petitions by Think & Learn’s resolution professional and Glas Trust, challenging Aakash Educational Services to...
- Supreme Court rejects Glas Trust, Byju’s RP pleas against Aakash rights issueThink and Learn is not allowed to participate in the issuance of new shares, as it is currently facing insolvency proceedings. Glas Trust h...
- SC junks GLAS Trust plea, clears Aakash rights issue cutting Byju’s stake to under 5%The Supreme Court has dismissed GLAS Trust Co. LLC's appeal against Aakash Educational Services' rights issue. This decision allows the rig...
- SC to hear Glas Trust's plea against Aakash Rights issueOn Monday, the Supreme Court will review a petition submitted by Glas Trust, which takes issue with Aakash Educational Services' proposed r...
- Aakash shareholders approve share capital increase ahead of rights issueRaising the share capital is an important step before floating a rights issue. Glas Trust, which represents Byju’s US lenders, had earlier ...
- NCLAT rejects Byju's lenders' plea to halt Aakash EGM on rights issueThe National Company Law Appellate Tribunal has rejected a plea from Glas Trust, Byju's largest lender, to stop Aakash Educational Services...
- Edtech Byju’s parent, US lenders move NCLAT to halt Aakash Educational Services EGMThis comes after the Bengaluru bench of the National Company Law Tribunal (NCLT) dismissed Think and Learn’s plea for an interim stay on th...
- Byju's moves NCLAT on Aakash EGM for rights issueByju's has appealed to the NCLAT against an NCLT order that refused to halt Aakash Educational Services' EGM for a rights issue. The edtech...
- NCLT declines relief to Byjus, refuses to stay Aakash EGM on rights issueIn his argument, counsel for Byju’s parent Think and Learn said the proposed rights issue would slash its stake in Aakash Educational Servi...
- 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 ...
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