Tag: Aakash

  • Davidson Kempner hands Aakash stake to Manipal’s Pai at 75% profit

    The transfer of US hedge fund Davidson Kempner’s stake in test-prep company Aakash to hospital chain Manipal Group chairman Ranjan Pai is a significant move in the EdTech space. This calculated action is a component of a larger deal with Byju’s, the well-known EdTech company that controls Aakash. The transaction has significance for the parties…

  • Byju Raveendran in talks with PEs to sell controlling stake in Aakash

    Byju Raveendran, the founder and CEO of Byju, is reportedly in the early stages of discussions with private equity (PE) firms, such as Bain Capital and KKR, about the potential sale of a controlling stake in Aakash Educational Services Ltd (AESL). This is a calculated move that could significantly alter the landscape of India’s burgeoning…