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The woman who walked away with Aakash shares
Mint Kolkata
|December 12, 2025
UAE businesswoman named in a Delaware case against Byju Raveendran and his flagship business has stepped in his place, subscribing to a ₹250-crore rights issue of associate company Aakash Educational Services Ltd (AESL).
Raveendran is battling insolvency proceedings of flagship Think & Learn Pvt. Ltd (TLPL) which operated the Byju's app. However, through a Singapore investment vehicle, he still owns 16% in Aakash, which TLPL bought for around $1 billion in 2021—and that stake is at the centre of an evolving controversy among lenders and stakeholders.
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