Byju’s parent uses Great Learning loan repayment to fund Aakash rights issue

Byju's parent uses Great Learning loan repayment to fund Aakash rights issue



Think & Learn Pvt Ltd (TLPL), the bankrupt parent of edtech platform Byju’s, used part of a loan repayment received from Great Learning Education Services to subscribe to Aakash Educational Services’ rights issue, people aware of the matter said. The transaction shows how the cash-strapped company funded its effort to preserve its holding in one of the few valuable assets remaining in the Byju’s ecosystem.A September 28 National Company Law



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