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In the legal notice which was sent to the company last week, Davidson Kempner said it reserves the right to invoke Aakashs pledged shares which were offered as collateral and potentially take control of the company. ....
The move comes as the edtech company has already let go of thousands of employees this year, while grappling with multiple legal and financial woes. ....
ET Prime assesses Byjus growth prospects, financials, and the organisational restructuring that it must undertake to improve its probability of success at a time when the cost of capital is going up. Also, as investors are beginning to re-assess opportunities in a world that is not necessarily going to become completely digital. ....
BYJU'S holding company, Think & Learn Pvt Ltd, is considering reducing its stake in Aakash by up to 20% out of its current 70% stake, said a report. ....
Surat: Police arrested a teacher and the principal of a nursing college in Palsana in Surat district on Monday for allegedly abetting the suicide of a. ....