Synopsis
The eventual holding will be higher than the roughly 25.75% TLPL owned before Aakash’s Rs 240-crore rights issue became the subject of litigation last year. TLPL’s recorded stake fell sharply after Aakash withheld part of the shares it had subscribed for.
Think & Learn Pvt Ltd (TLPL), the insolvent parent of Byju’s, will hold about 32% in Aakash Educational Services once a settlement ending its long-running shareholding dispute with the coaching company is fully implemented, people aware of the matter said.The eventual holding will be higher than the roughly 25.75% TLPL owned before Aakash’s Rs 240-crore rights issue became the subject of litigation last year. TLPL’s recorded stake fell
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