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Aakash plans stake sale to raise funds
Financial Express Kochi
|January 30, 2025
Needs ₹500 crore for expansion
COACHING GIANT AAKASH Educational Services (AESL) is looking to raise funds through selling a part of its equity, CEO and MD Deepak Mehrotra told FE on Wednesday.
"There is currently a move to try and find an equity route to bring in capital into the company," he said, adding that the talks are in a 'very early stage'. He did not specify what percentage of stake the company is looking to sell. He said that Aakash would need over ₹500 crore to operate its business and meet expansion plans.
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