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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Manipal Group scion Ranjan Pai has converted his debt for a 40% stake in the test-prep company, as Byju’s inches closer to losing its crown jewel.
After a year and a half of drama surrounding Aakash Educational Services, which saw the test-prep company swinging from one extreme to another as a result of an ambitious takeover by edtech firm Byju’s and the lack of vision to see it through, the spectacle seems to have finally reached a climax.
Last week, Ranjan Pai, the chairman of the Manipal Education and Medical Group and co-founder of Aarin Capital—Byju’s earliest investor—became the largest shareholder in Aakash after converting the debt he took over from US-based investment fund Davidson Kempner Capital Management for a 40% stake in the test-prep company. …
A public listing will help clean up the hospital chain’s balance sheet after the costly Sahyadri acquisition. But depressed metrics, integration risks and lofty valuations make this far from a clean turnaround story.
Our story on SME IPOs and Beeline Capital Advisors has been taken down on receipt of a legal notice from Beeline Capital Advisors.
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
