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The Supreme Court recorded Aakash Educational Services Ltd’s undertaking to secure 25.7% stake held by Byju’s parent company till NCLAT decides the dispute. The top court also granted time to Think & Learn Pvt Ltd to subscribe to the second tranche of the Rs 240 crore rights issue.
In a significant development in the ongoing dispute between edtech companies, the Supreme Court on Tuesday recorded an undertaking by Aakash Educational Services Ltd (AESL) that 25.75 per cent stake held by Byju’s parent company will remain protected…