Byju's Agrees to Cede Majority Stake in Aakash in Debt Settlement

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Byju's parent company, Think & Learn Private Limited, has reached a settlement with lenders. The agreement will reduce its stake in subsidiary Aakash Educational Services to 32%. This move resolves a conflict over a $1.2 billion loan secured against Aakash. The settlement transfers majority ownership of the test-prep unit to the lender consortium.

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