BYJU’S Lenders Seek 30% Stake In Aakash To Settle Legal Battle: Report

Global lenders of the embattled edtech firm BYJU’S are in advanced talks to acquire a roughly 30% stake in Aakash Educational Services, an offline coaching institute partly owned by the group, at a valuation of $2 Bn. As per a report by Reuters, lenders plan on dropping all legal actions and allegations against BYJU’S founder Byju Raveendran for a 30% stake in Aakash The proposed equity transfer is part of the settlement to resolve the long standing legal dispute between bankrupt edtech company