Payments to Aakash are closed: BYJU'S amid reports of delay in $1 billion deal

India's most valuable edtech startup BYJU'S said that its payments to Aakash Educational Services are closed after reports emerged that it is pushing back payments. In 2021, BYJU'S struck a deal to acquire Aakash, which runs a chain of physical coaching centres, in a cash-and-stock deal worth $1 billion. "All payments are expected to be completed by...August," BYJU'S earlier said.