Raising the share capital is an important step before floating a rights issue. Glas Trust, which represents Byju’s US lenders, had earlier ...

The Competition Commission of India (CCI) has approved Bain Capital's stake acquisition in Manappuram Finance and Manappuram Asset Finance....

The Competition Commission of India (CCI) has approved the Manipal Group's acquisition of a stake in Aakash Educational Services from found...

Aakash Educational Services plans to invest Rs 100 crore to scale up its edtech unit, Aakash Digital, following its exit from BYJU'S contro...

The board of Byju’s-owned Aakash Institute earlier approved the conversion into equity of the $300 million Ranjan Pai, chairman of Manipal ...

Deepak Mehrotra has been named as the MD and CEO at Aakash Institute. Byju's founder acknowledged his business acumen. Presently, the chair...

Aakash Institute, under Byju's, shifts focus from Aakash Chaudhry's return as CEO. Ranjan Pai emerges as the largest investor, with ongoing...

Byju’s investors are reconciled to his acquisition of 40% in Aakash, the people said, adding that the Manipal Education and Medical Group c...

The 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...

Manipal chief Ranjan Pai will invest the new tranche of capital sooner in Aakash ahead of key student enrolment season, people aware of the...

The Aakash board has approved the conversion into equity of the $300 million Pai invested during 2023, they added. This values the company ...

Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash—one of the few remaining valuable assets of troubled edtec...

Claypond Capital, Pai's family office, is in talks with veteran banker Shyam Powar to head the family investment office as the Manipal chie...

In 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...

Manipal Group boss Ranjan Pai has pumped Rs 1,400 crore into Bjyu’s subsidiary Aakash Institute, enabling the embattled edtech major to cle...

The troubled edtech is mired in multiple issues, such as repayment of a $1.2 billion term loan, and is the subject of a government probe.

The initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.