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Byju's sends legal notice to Aakash founders over share swap deal
August 02, 2023
|The Morning Standard
EDTECH firm Byju's parent Think and Learn has reportedly sent a legal notice to tuition chain Aakash Educational Services' founders due to their alleged resistance to complete a share swap.
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According to reports, private equity firm Blackstone and the Chaudhry family (both minority shareholders) have declined to swap their equity holding in Aakash with Think and Learn.
Byju's acquired Aakash for about $950 million in a cash and stock deal in 2021. Recently, two independent directors of Aakash Educational Services have resigned from the board. When asked about the legal notice, Byju's declined to comment.
هذه القصة من طبعة August 02, 2023 من The Morning Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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