Tuesday, July 23, 2024
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Blackstone

Manipal Group chairman Ranjan Pai is set to become the largest shareholder in Aakash Institute with a 40 percent stake in the company after the legal win.

According to ET reports, Blackstone and Prosus NV have written to BYJU’S parent entity Think and Learn, expressing their concerns about the matter.

The company is in talks with Apollo

With this deal, Simplilearn will aim to scale up its business in the North American region

While it cleared payments that were due to the founder of Aakash in July, the payment of Blackstone was deferred based on a mutual agreement