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Byju s saviour? Board approves Ranjan Pai s 40% majority stake buy in Aakash Institute, says report

Byju s-owned Aakash Institute will have Ranjan Pai, Chairman of Manipal Education and Medical Group, as its largest shareholder with a 40% stake buy, converting a $300 million investment into equity and making the company debt-free.

Aakash chaudhryByju raveendranDavidson kempnerAakash instituteUnited states basedRanjan pai

Manipal Education Group s Ranjan Pai picks up 40% stake in Byju s subsidiary Aakash Institute: Report

A source said the company board has approved the conversion, which would make Pai the largest shareholder.

Davidson kempnerRanjan paiAakash instituteMinistry of corporate affairsManipal educationMedical groupEconomics timesByju 039 sAakash instituteRanjan pai

Business tycoon Ranjan Pai to acquire 40% stake in Byju s Aakash Institute

The Aakash board has given the green light for the conversion of Ranjan Pai's USD 300 million investment made during 2023 into equity, it said.

Ranjan paiByju raveendranDavidson kempnerAakash instituteAakash education services ltdBlackstone groupManipal educationMedical group

VASVIK s 50th Annual Awards: Celebrating the Genius of Indian Scientists in Atmanirbhar Bharat

VASVIK s 50th Annual Awards: Celebrating the Genius of Indian Scientists in Atmanirbhar Bharat
tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.

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Bill Ackman s Pershing Square back in ranks of world s 20 top hedge funds

The top 20 funds generated 31% of all gains in the hedge fund sector in 2023 and 83% of net gains over the past three years

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