Supreme Court denies appeals against Aakash rights issue
pre-market1 source ↓written by the desknot a recommendation
- Learn's stake
- 25.75% to 6.125%
- share capital
- ₹57.5 cr to ₹297.5 cr
The Supreme Court has rejected appeals from Glas Trust and Byju's resolution professional regarding Aakash Educational Services' rights issue. This move will reduce Think and Learn's stake from 25.75% to 6.125%. Aakash aims to raise its authorized share capital from ₹57.5 cr to ₹297.5 cr, crucial for the rights issue.
Not investment advice. For informational purposes only.