Byju Raveendran Offers Aakash Shares To Settle Qatar Holding’s $235 Mn Claim
BYJU’S founder Byju Raveendran has proposed relinquishing his claimed beneficial interest in 17.89 Mn shares of Aakash Educational Services to…
Byju Raveendran, the founder of BYJU’S, has offered to relinquish his beneficial interest in 17.89 million shares of Aakash Educational Services to settle a claim of more than $235 million filed by Qatar Holding. The precise details of the settlement and the value assigned to the shares remain unclear, according to sources quoted by ET. Qatar Holding intends to pursue debt repayment and enforce the arbitral award in its favor, although it will continue to seek debt recovery.
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