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Need funds to survive: Aakash to NCLT amid stay on fundraising
short by Mansi Agarwal / on Tuesday, 7 January, 2025
Aakash Educational Services has urged National Company Law Tribunal (NCLT) to lift a stay that bars it from amending its article of association (AoA) and raise funds. The BYJU'S subsidiary said it urgently needs to raise funds to survive. The stay was imposed after Aakash investor Singapore Topco said the AoA amendment would significantly dilute its stake in the company.
read more at Moneycontrol