Aakash Founders Reportedly Terminate Merger and Share Swap Arrangement with BYJU’s
The Chaudhry family, the founders of Aakash Educational Services Limited (AESL), has reportedly informed BYJU’s that the merger and backup arrangement involving a share swap will be terminated. The Chaudhrys will not exchange their remaining 18% interest in Aakash for ownership in the edtech behemoth, according to The Morning Context. At the same time, Blackstone, … Read more