Aakash shareholders approve share capital increase ahead of rights issue

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Aakash Educational Services on Wednesday said its shareholders have approved a proposal to raise the company’s authorised share capital, a key step before conducting a rights issue.

The company plans to raise funds to support its operational needs.

The proposal was recommended by its board of directors on October 4.

The company conducted an extraordinary general meeting (EGM) after the National Company Law Appellate Tribunal (NCLAT) on Tuesday dismissed a petition seeking a stay on the EGM filed by Byju’s parent firm Think and Learn’s resolution…



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Aakash shareholders approve share capital increase ahead of rights issue



Aakash Educational Services on Wednesday said its shareholders have approved a proposal to raise the company’s authorised share capital, a key step before conducting a rights issue.

The company plans to raise funds to support its operational needs.

The proposal was recommended by its board of directors on October 4.

The company conducted an extraordinary general meeting (EGM) after the National Company Law Appellate Tribunal (NCLAT) on Tuesday dismissed a petition seeking a stay on the EGM filed by Byju’s parent firm Think and Learn’s resolution…



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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