Manipal Group submits EOI to participate in insolvency process of Think & Learn, parent of Byju’s
Dr. Ranjan Pai–led Manipal Education and Medical Group India (MEMG India) has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Pvt. Ltd. (TLPL), the parent company of Byju’s.
According to documents filed with the Resolution Professional (RP), MEMG India has sought to be included in the list of Prospective Resolution Applicants (PRAs) and expressed its intent to examine the company’s financial and operational details for the purpose of evaluating a potential resolution plan.
According to data shared by MEMG India, this is the second submission of…