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Another hurdle for Byju's as Aakash's minority stakeholders say no to share swap

Another hurdle for Byju's as Aakash's minority stakeholders say no to share swap

01 Aug 2023

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Another hurdle for Byju's as Aakash's minority stakeholders say no to share swap

Byju Raveendran, founder and CEO, Byju's

Private equity firm Blackstone and the Chaudhry family, the two minority shareholders in Aakash Educational Services Ltd (AESL), have declined to swap their equity holding in the test preparation subsidiary unit with parent Think & Learn Pvt. Ltd (Byju’s), leading to a rift with Byju Raveendran and a potential impasse ......