BYJU’S clears 234 million dollars payment to Blackstone for Aakash takeover

by: Sayantani Chakraborty

BYJU'S clears 234 million dollars payment to Blackstone for Aakash takeover

BYJU’S clears 234 million dollars payment to Blackstone for Aakash takeover

by: Sayantani Chakraborty

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TW Newsdesk, September 24: BYJU’S has notably paid 234 million dollars to Blackstone. It owed to the private-equity firm for the $950 million acquisition of Aakash, sources report.

The payment was reportedly for a stake of about 38% owned by Blackstone in Aakash.

While closing the deal, BYJU’S had reportedly paid all Aakash’s shareholders, except Blackstone as the firm had agreed on deferred payment, revealed a source.

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