Home / Business and Economy / Byju's & Aakash: Creditors Eye Unmonetized Shares
Byju's & Aakash: Creditors Eye Unmonetized Shares
28 Sep
Summary
- Byju's and Aakash settled a dispute, but terms remain undisclosed.
- Creditors are pursuing different blocks of Aakash shares for recovery.
- Aakash reported a consolidated loss of ₹186.5 crore in fiscal 2026.
A settlement between Byju's parent, Think & Learn, and its former subsidiary Aakash Educational Services has concluded a dispute over a rights issue. However, the specific terms of this agreement have not been publicly disclosed.
This lack of transparency raises significant questions for Byju's international creditors, including Glas Trust and Qatar Holding LLC, who are seeking to recover substantial debts. Their focus is on determining the extent of Think & Learn's ownership in Aakash and whether this stake can be leveraged to recoup their losses.
Creditors are pursuing separate legal avenues to claim specific blocks of Aakash shares. Glas Trust is linked to Think & Learn's holdings, while Qatar Holding LLC has a separate claim against Byju Raveendran and his firm for an arbitration award exceeding $235 million.
Meanwhile, Aakash's financial standing presents challenges. For fiscal 2026, it reported a consolidated loss of ₹186.5 crore, with liabilities of ₹2,645 crore against assets of ₹2,206 crore. These figures raise concerns about the company's ability to continue as a going concern.
