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Byju's clears $950-mn payment to Aakash, completes $800-mn fund raise

Business Standard LogoBusiness Standard1 mo ago

Byju's clears $950-mn payment to Aakash, completes $800-mn fund raise

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Our payments to Aakash are closed and the audited financial results are going to be announced in the next 10 days," Byju's said in a statement.

This retrenchment was a result of a strategic decision to improve business efficiencies throughout Byju's and its group companies.

Edtech firm Byju's said on Monday that it has completed payment that was due for the acquisition of Aakash Educational Service and received majority of $800 million fund which it announced in March.


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Article Details

Author / Journalist: Press Trust of India

Category: EconomyFinance

Topics: Million Improve Business Content Standard Made Company Been Aakash

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 16:18:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 4 minutes read

Article Length: 554 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 28709

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About Business Standard

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Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 253 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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