CCI approves Byju's acquisition of Aakash Educational Services

What's the news?

The Competition Commission of India (CCI) has approved the proposed combination relating to ed-tech startup Byju’s acquisition of a certain stake of Aakash Educational Services Limited (AESL) and thereafter merger of BYJU’s and AESL under Section 31(1) of the Competition Act, 2002.

More to know

"The proposed combination will result in merger of AESL into Byju’s, as a consequence of which, BYJU’S will be the surviving entity. As such, Byju’s shall effectively acquire complete and sole control over AESL," the corporate affairs ministry said in a statement.

4 views0 comments