Aakash Approves Raising Authorised Share Capital To Proceed With Rights Issue

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SUMMARY

Edtech major Aakash shareholders have approved a plan to increase the company’s authorised share capital to accommodate the proposed INR 500 Cr rights issue

The company’s board approved the resolution to increase the authorised share capital after receiving approval by the requisite majority of shareholders present and voting

During the meeting today, BYJU’S representative objected to the proposal and mentioned ongoing court cases before the NCLAT and the NCLT that challenge Aakash’s rights issue

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Aakash Approves Raising Authorised Share Capital To Proceed With Rights Issue


SUMMARY

Edtech major Aakash shareholders have approved a plan to increase the company’s authorised share capital to accommodate the proposed INR 500 Cr rights issue

The company’s board approved the resolution to increase the authorised share capital after receiving approval by the requisite majority of shareholders present and voting

During the meeting today, BYJU’S representative objected to the proposal and mentioned ongoing court cases before the NCLAT and the NCLT that challenge Aakash’s rights issue

After…



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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