NCLAT approves Aakash EGM on rights issue, rejects BYJU'S plea
NCLAT approved Extraordinary General Meeting (EGM) of Aakash Educational Services (AES) for the rights issue of the company. This comes after insolvency-bound BYJU'S owner, Think & Learn, filed plea to restrain the EGM, claiming it would dilute its 25% stake in AES to 5%. The EGM scheduled for October 29 will allow shareholders to vote on raising funds for AES.