Supreme Court clears Aakash rights issue for Byju's
pre-market1 source ↓written by the desknot a recommendation
- in Aakash
- 25.7% to below 5%
The Supreme Court has rejected petitions from Byju's parent company and GLAS Trust, allowing Aakash Educational Services to proceed with its rights issue. This decision will lower Byju's stake in Aakash from 25.7% to below 5%. The ruling supports the integrity of the legal process and enables Aakash to raise necessary funds.
Not investment advice. For informational purposes only.