Ranjan Pai has become the largest shareholder in Aakash

The Manipal Group scion has converted the debt he took over from US-based investment fund Davidson Kempner Capital Management to a 40% stake in the test-prep company.

25 January, 20242 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

A half a billion dollars for Property Finder

The classifieds portal adds two large investors and the Met Opera is coming to Saudi Arabia.

Internet
Story image

Byju Raveendran accused of negotiating secret payments with Indian officials while claiming bankruptcy

Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.

Internet
Story image

Karan Bajaj, the serial startup hustler, is back

The guy who preyed on your insecurities and sold coding classes for your kids is back to help your loved ones fight cancer. Don’t say we did not warn you.