BYJU'S lenders seek 30% stake in Aakash to drop cases against Raveendran: Report

US-based lenders of BYJU'S are seeking a 30% stake in Aakash Educational Services in exchange for dropping all cases against the bankrupt startup and its founder Byju Raveendran, Reuters reported. BYJU'S acquired Aakash in a nearly $1 billion deal in 2021, but its stake has since been diluted to a minority. The settlement talks value Aakash at roughly $2 billion.