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Manipal Education bids for Think & Learn assets, targeting Aakash stake, as deadline extended.
Manipal Education & Medical Group is the sole bidder so far for assets of Think & Learn, the bankrupt parent of Byju’s, primarily seeking its 25% stake in Aakash Educational Services.
The resolution professional overseeing the process extended the bid deadline to November 13 and lowered the bank guarantee to attract more interest.
Think & Learn’s insolvency follows Byju’s financial collapse, with Aakash undergoing a rights issue that reduces Think & Learn’s stake to 6.125%, a move opposed by creditors.
Meanwhile, JSW Group plans to raise funds for a potential AkzoNobel acquisition, and Indian firms like Blackbuck and Delhivery report mixed financial results, while Figma expands in India and Paytm refocuses on merchants and AI.
Manipal Education hace una oferta para los activos de Think & Learn, apuntando a la participación de Aakash, a medida que se extiende la fecha límite.