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AAKASH SHAREHOLDING DISPUTE
Byju’s-Aakash settlement talks enter final stretch ahead of NCLT hearingSettlement talks are underway between Manipal Education and Medical Group and GLAS Trust, representing Byju's US lenders, to resolve the Aa...- 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...
- Byju’s crisis timeline: From edtech giant to fighting legal battlesByju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding sho...
- 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 rejects Think & Learn RP’s plea to stay Aakash Educational Services' rights issueThe National Company Law Tribunal has rejected a plea to halt Aakash Educational Services Ltd.'s rights issue. The tribunal found the decis...
- Aakash warns EY over conflict of interest in Byju's-AESL rowAakash Educational Services (AESL) has accused EY of a conflict of interest and misconduct in its ongoing dispute with Byju’s. The wider le...
- India vs X; Smallcase's funding boostThe Indian government will fight allegations by Elon Musk's X about content regulation and censorship. This and more in today’s ETtech Top ...
- 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...
- Byju's unable to pay salaries due to dispute with investors, says founder RaveendranIn a communication to his staff, Raveendran conveyed the message, stating, "Few investors 'stooped to heartless level', ensuring we are una...
- White knight in control? Ranjan Pai seen setting course at AakashByju’s investors are reconciled to his acquisition of 40% in Aakash, the people said, adding that the Manipal Education and Medical Group c...
- Byju's shareholders to vote on resolution to ouster CEO, family on FridayHowever, the outcome of the vote at the extraordinary general meeting (EGM) will not be applicable until March 13, when the Karnataka High ...
- For more capital, Byju’s must pass a tough testThese investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they...
- Ranjan Pai cuts Rs 1,400 crore cheque for Davidson Kempner debt, books Aakash seatsIn May, Byju’s had signed a Rs 2,000-crore ($240 million) structured credit deal with Davidson Kempner against the cash flows of Aakash Ins...
- Ranjan Pai closes in on $300 million Aakash deal; tech firms face Israel crisisIn what could be a shot in the arm for Byju’s, Manipal Education and Medical Group chairman Ranjan Pai may invest as much as $250-300 milli...
- Manipal group's Ranjan Pai likely to invest $250-300 million in Byju's subsidiary Aakash InstituteThe initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.
- Byju's to hold board meeting to approve delayed FY22 financialsByju's is at least 12 months behind the statutory due date to file its FY22 financial results with the Registrar of Companies. The delay ha...
- Byju’s, Davidson Kempner begin talks to settle dispute; behind Antfin’s Paytm share transfer to Vijay Shekhar SharmaBeleaguered edtech firm Byju's and New York-based investor Davidson Kempner Capital have initiated talks to resolve their disagreement conc...
- Byju’s, Davidson Kempner in talks to settle disputeByju’s and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan coven...
- More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
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