Singapore Topco Withdraws Plea Challenging Changes In Aakash’s AoA

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SUMMARY

The Blackstone-backed entity withdrew its petition without giving any reason

Earlier, Singapore Topco and Glas Trust challenged Aakash’s AoA saying that the alteration will lead to their stakes getting diluted in the startup

While Topco has effectively moved away from Aakash’s path to raise external funds, its other investor Glas Trust continues to contend against the AoA

Aakash Institute’s shareholder Singapore Topco has withdrawn its petition from the National Company Law Tribunal (NCLT) challenging the…



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Singapore Topco Withdraws Plea Challenging Changes In Aakash’s AoA


SUMMARY

The Blackstone-backed entity withdrew its petition without giving any reason

Earlier, Singapore Topco and Glas Trust challenged Aakash’s AoA saying that the alteration will lead to their stakes getting diluted in the startup

While Topco has effectively moved away from Aakash’s path to raise external funds, its other investor Glas Trust continues to contend against the AoA

Aakash Institute’s shareholder Singapore Topco has withdrawn its petition from the National Company Law Tribunal (NCLT) challenging the…



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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