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BLACKSTONE AAKASH SHAREHOLDING
CCI levies Rs 50 lakh penalty on Manipal Group for not disclosing stake hike in Aakash Educational ServicesThe Competition Commission of India has fined Manipal Group Rs 50 lakh. This penalty is for not disclosing stake increases in Aakash Educat...- 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...
- 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...
- 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 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...
- Market slump spooks startups; Blinkit gets a Rs 1,500-crore top-upHappy Tuesday! The recent stock market downturn has sounded an alarm for IPO-bound new-age companies. This and more in today’s ETtech Morni...
- Blackstone withdraws petition against Aakash Institute on changes in shareholder rightsThe company can now enforce the resolutions passed at the EGM in November last year to amend its articles of association, which would lead ...
- Hiring sprouts in smaller IT cos; Blackstone and Aakash InstituteEven as sector majors retreated, mid and small-cap IT firms and GCCs have stepped up hiring. This and more in today’s ETtech Top 5.
- 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’s backers slam AoA tweak plan at NCLTSenior advocate Darius Khambata, representing the minority shareholders, said that these articles are legally binding and would take preced...
- 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 ...
- SC stops Aakash Institute's plan to amend articles of associationTwo minority shareholders of Aakash Educational Services - Singapore VII Topco I Pte and BCP Asia Athena ESC (Cayman) – had moved the apex ...
- NCLT refrains Byju's Aakash Institute from tinkering with minority shareholders rightsThe subsidiary of Think and Learn is trying to take away the rights of minority shareholders by amending the articles of association and co...
- Byju's lenders oppose Aakash EGM on WednesdayQuestions resolution professional’s nod for Byju Raveendran to represent Think & Learn on Aakash’s board; says it violates the principle of...
- 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 ...
- Davidson Kempner sends legal notice to Byju's arm Aakash for loan covenant breachIn the legal notice which was sent to the company last week, Davidson Kempner said it reserves the right to invoke Aakash’s pledged shares ...
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