The Manipal Group on Thursday confirmed that it has submitted a bid to acquire Think & Learn Pvt. Ltd., the parent company of the bankrupt edtech firm Byju’s.
Earlier, it was revealed that the Ranjan Pai-led group had filed an expression of interest (EOI) to take over the struggling company. According to a statement from Manipal Education and Medical Group India Pvt. (MEMG), the EOI has been “formally submitted.”
Documents filed with the Resolution Professional (RP) show that MEMG India has requested inclusion in the list of Prospective Resolution Applicants (PRAs). The company has also expressed interest in examining Byju’s financial and operational records to evaluate a possible resolution plan.
This marks the second EOI…