CCI approves Byju's acquisition of Aakash Educational Services


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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.


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"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.

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