Monday, 23 March, 2026
Aakash Shareholders Back Capital Increase for Rights Issue
By Isha
Aakash Educational Services shareholders approved a proposal to raise the company's authorized share capital, clearing the way for a crucial rights issue to fund operations. This occurred after the NCLAT dismissed a plea by Byju's lenders, who argued the rights issue would significantly dilute Byju's parent company's stake, currently undergoing insolvency. Aakash's board stated the capital raise is vital for the company's continuity and stability.
Read full story at Economic Times