Monday, April 15, 2024
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Prosus Nv

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.

In a statement, Prosus said Byju's grew considerably since its first investment in 2018

The proposed combination relates to the acquisition of 100 per cent of the equity share capital of India Ideas Ltd (IIL) by PayU India