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- $940 millionByju’s, India’s largest online edtech start-up, has acquired Aakash Educational Services Ltd (AESL), a 33-year-old brick-and-mortar coaching centre, for nearly $940 million in a cash and stock deal1234. The acquisition will be done through a strategic merger and Byju’s will make further investments to accelerate Aakash’s growth3. The deal is worth close to $1 billion and is Byju’s largest buyout to date24. Aakash Chaudhry and his family are giving up their entire stake in the firm for a 70:30 cash-equity deal5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Byju’s, the country’s largest online edtech start-up, has acquired a 33-year-old brick-and-mortar coaching centre Aakash Educational Services Ltd (AESL) for nearly $940 million in a cash and stock deal. The deal, in the works for some time now, was formally announced on Monday. Byju’s is currently valued at $13 billion.www.thehindubusinessline.com/news/education/byj…
Byju’s is acquiring tutorial chain Aakash Educational Services Ltd (AESL) in a cash and stock deal estimated at $950 million, sealing its largest buyout. India’s most-valued edtech startup snagged coding tutor WhiteHatJr in a $300-million deal amid the pandemic last year.
economictimes.indiatimes.com/tech/startups/byjus …According to Byju’s, the acquisition will be done through a strategic merger and the company will make further investments to accelerate Aakash’s growth. While the company hasn’t disclosed the terms of the deal, sources aware of the development said that it consists of both cash and stocks to the tune of $1 billion.entrackr.com/2021/04/byjus-acquires-aakash-for-n…BYJU'S, the world's leading ed-tech company has announced its strategic partnership with Aakash Educational Services Limited (AESL). According to sources, the deal is worth close to USD 1 billion (about 7,300 crores) -- making it the biggest acquisition by Byju's to date.www.indiatvnews.com/business/news-byju-s-acquir…Managing Director & Co-Promoter Aakash Chaudhry and his family are giving up their entire stake in the firm for a 70:30 cash-equity deal under which they will receive an undisclosed stake in BYJU’S for about 30 percent of the payment.blog.ipleaders.in/akash-acquired-byjus-ed-tech-cas… - People also ask
BYJU’S to acquire Aakash Educational Services Limited (AESL)
WEBBYJU’S to acquire Aakash Educational Services Limited (AESL) through a strategic merger Partnership to combine BYJU’S leadership in Education Technology and AESL’s …
Byju's Aakash deal: Byju's acquires Aakash Educational Services …
WEBByju’s is acquiring tutorial chain Aakash Educational Services Ltd (AESL) in a cash and stock deal estimated at $950 million, sealing its largest buyout. India’s most-valued …
- Events of aakash byjus deal
Byju’s buys Aakash in $940-m cash/stock deal - The Hindu …
WEBApr 5, 2021 · Byju’s, the country’s largest online edtech start-up, has acquired a 33-year-old brick-and-mortar coaching centre Aakash Educational Services Ltd (AESL) for nearly …
BYJU’S to acquire Aakash Educational Services Limited | AESL
WEBBYJU’S, the leading online learning platform in India, has announced its decision to acquire Aakash Educational Services Limited (AESL), one of the largest coaching institutes for …
BYJU’S sends legal notice to Aakash founders demanding share …
WEBAug 1, 2023 · Education firm Aakash expects to close the financial year 2023 with Rs 3,000 crore revenue, thereby registering three-fold growth since its acquisition by BYJU’s. In …
BYJU’S to acquire Aakash in $1-bn ‘strategic’ deal - The Hindu
WEBEdtech platform BYJU’S on Monday entered into a strategic partnership with test preparatory services firm Aakash Educational Services Limited (AESL) to acquire the …
Byju's sends legal notice to Aakash founders demanding share …
WEBEdtech entity Think and Learn Pvt Ltd, which operates Byju's, has sent a legal notice to founders of Aakash Educational Services following their alleged resistance to complete a …
Aakash joins Byju’s universe in a deal worth nearly $1 billion - Mint
WEBEdtech company Byju’s on Monday confirmed the acquisition of education institution Aakash Educational Services Ltd (AESL), as it looks to boost its presence in the test preparation...
BYJU'S closes its deal with Aakash Educational Services for …
WEBBYJU'S will acquire Aakash Educational Services Limited (AESL) through a strategic merger. The deal size is pegged at close to $1 billion, according to a person familiar …
Byju's acquires Aakash Educational Services for $1 …
WEBEd-tech major Byju's on Monday, April 5, announced that it has acquired Aakash Educational Services Ltd (AESL) for around $1 billion (Rs 7,300 crore). The stock-and-cash deal will fortify the...
Byju’s Acquires Aakash Educational Services Tutorial Chain, …
WEBByju’s, the Indian edutech giant, on Monday announced that it has acquired the brick-and-mortar educational institution chain Aakash Educational Services through a strategic …
With 40% stake, this tycoon to be largest shareholder in Byju's …
WEBUpon conversion, Pai's investment gives him a 40% stake in Aakash, making him the single-largest shareholder in the entrance exam preparation franchise, purchased by …
BYJU'S has to pay Rs 2,000 cr to clear Aakash acquisition deal …
WEBEdtech major BYJU's is set to pay the remaining amount of nearly Rs 2,000 crore to VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services on September 23.
Byju’s clears $230 million payment to Blackstone for $1 billion …
WEBByju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter …
byjus aakash deal: Byju’s clears pending dues of $234-million to ...
WEBEdtech unicorn Byju’s has cleared pending payment of $234 million to global private investment firm Blackstone, which were linked to its deal to acquire brick-and-mortar …
Byju's pays $234 million to Blackstone related to Aakash deal
WEBIndia's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc , settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational, …
Byjus | Aakash Educational Services: Byju’s signs billion-dollar …
WEBIndia’s biggest online-education startup Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion, according to a person …
US lenders push Indian ed-tech giant Byju's towards insolvency
WEBIndia's top court on Wednesday revived insolvency proceedings against education technology company Byju's following a lawsuit by a trust representing U.S. lenders who …
BYJU'S announces upcoming IPO of Aakash Education Services …
WEBThe upcoming IPO will provide a significant capital infusion to bolster Aakash’s infrastructure, broaden its reach, and extend high-quality test-prep education to a larger …
BYJU’S-Aakash Battle Over Share Swap Deal: What Happens …
WEBBYJU’S acquired Aakash Educational, the chain of physical coaching centres, in April 2021 for a amount close to $1 Bn. Edtech giant BYJU’S parent company Think and Learn Pvt …
Byju's Aakash CEO Deepak Mehrotra nets 5 crore as Annual …
WEBAakash's board also granted Mehrorta ESOPs worth 25 crore, which can be vested in equal installments over the course of four years beginning in April 2025. Mehrotra worked as …
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