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NCLAT approves Aakash EGM on rights issue, rejects BYJU'S plea
short by Shristi Acharya / on Tuesday, 28 October, 2025
NCLAT approved Extraordinary General Meeting (EGM) of Aakash Educational Services (AES) for the rights issue of the company. This comes after insolvency-bound BYJU'S owner, Think & Learn, filed plea to restrain the EGM, claiming it would dilute its 25% stake in AES to 5%. The EGM scheduled for October 29 will allow shareholders to vote on raising funds for AES.
read more at Moneycontrol