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Pai office to invest ₹250 cr in Aakash via rights issue
Mint Kolkata
|November 14, 2025
the first tranche. The second tranche will be released depending on whether investors come in,” said one person aware of the funding plans.
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Ranjan Pai currently holds a 58% stake in Aakash.
(MINT)
The person added that subscribing to the rights issue will lift Pai’s stake in the company. His family office acquired a 39.6% stake after converting a $300 million debt investment into equity in early 2024. In June this year, Pai won the competition regulator's approval to acquire founder J.C. Chaudhry’s 11% stake.
Pai currently holds a 58% stake in Aakash, according to the second person.
The other major shareholders in Aakash are said to include Byju's (Think & Learn Pvt Ltd) with about 26% and Blackstone with a reported 7-8%.
This story is from the November 14, 2025 edition of Mint Kolkata.
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