CCI Clears Manipal Group’s Proposal To Buy Stake In Aakash

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SUMMARY

Aakash founder JC Chaudhry owns only a minority stake in Aakash after selling a significant portion of his shares to the Manipal Group earlier

Ranjan Pai, who leads the Manipal Group, is one of the largest shareholders in Aakash having about a 40% stake

The CCI approval comes at a time when Aakash is looking to raise fresh funds. However, the NCLT has paused any changes to the test prep chain’s shareholding or articles of association

The Competition Commission Of…



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CCI Clears Manipal Group’s Proposal To Buy Stake In Aakash


SUMMARY

Aakash founder JC Chaudhry owns only a minority stake in Aakash after selling a significant portion of his shares to the Manipal Group earlier

Ranjan Pai, who leads the Manipal Group, is one of the largest shareholders in Aakash having about a 40% stake

The CCI approval comes at a time when Aakash is looking to raise fresh funds. However, the NCLT has paused any changes to the test prep chain’s shareholding or articles of association

The Competition Commission Of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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