Can Byju’s lose control of Aakash?

While the Chaudhry family and Blackstone still hold nearly 30% in the test-prep chain, it’s unclear who has the final say on the 27% held indirectly by Byju Raveendran.

If Byju’s is in the news, can Aakash be far behind? 

On 30 June, ET Now reported, citing unidentified sources, that Byju’s is in talks with investors to dilute up to 20% shareholding in Aakash Educational Services, the offline test-prep company it acquired in 2021 for nearly $950 million in cash and stock. Talks with prospective investors, the news report said, were at a very early stage.

The development was in contrast with Byju’s plan to take Aakash public. On 5 June, co-founder Divya Gokulnath had said in a LinkedIn post that Aakash was looking for an IPO in …


Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

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