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5 ARTICLES
Ranjan Pai and Aakash are stuck in the Byju’s quagmire
Once the brightest star in the Byju’s universe, the test-prep company is fast losing its cachet, leaving its biggest investor with no exit options.
23 Sept 2024
The Aakash saga and its many winners and losers
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.
28 Jan 2024
Ranjan Pai has become the largest shareholder in Aakash
The Manipal Group scion has converted the debt he took over from US-based investment fund Davidson Kempner Capital Management to a 40% stake in the test-prep company.
25 Jan 2024
Aakash founders to terminate share swap with Byju’s
The Chaudhry family has told Byju’s it will not exchange the 18% stake they still hold in Aakash, which Byju’s had acquired in 2021.
09 Aug 2023
Byju’s is pushing Aakash to the brink
The test-prep company has just survived a scare in January amid talks of fundraising and an IPO. Is Byju’s overdependence hurting its only profit-making subsidiary?
20 Feb 2023