Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
BYJU'S lenders seek 30% stake in Aakash to drop cases against Raveendran: Report
short by Mansi Agarwal / on Friday, 26 June, 2026
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.
read more at Reuters