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.
short by
Shristi Acharya /
08:24 pm on
28 Oct