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PharmEasy continues to negatively impact Prosus’ India portfolio with an internal rate of return (IRR) of -38% in H1FY25, an improvement from -44% the previous year. In contrast, ElasticRun led with a 23% IRR, while Swiggy, PayU, and Meesho each reported 20-21%. Eruditus, despite a lower IRR of 14%, remains the only positive performer in the edtech sector for Prosus.
The Supreme Court has halted Aakash Educational Services' plan to amend its Articles of Association, following concerns from minority shareholders, including Singapore VII Topco, about potential dilution of their stake. This decision comes after the National Company Law Tribunal previously blocked the resolution, citing violations of shareholder rights. Aakash Institute has been directed to approach the National Company Law Appellate Tribunal within seven days.
Byju’s founder, Byju Raveendran, is accused of attempting to regain control of his bankrupt education technology firm by secretly using hidden loan proceeds to buy back a software company, Epic!, from US creditors owed over $1.2 billion. A court filing reveals that Raveendran enlisted Nebraska businessman William R. Hailer in this scheme, which ultimately failed. Hailer claims he was manipulated in Byju’s legal maneuvers and is set to testify in federal court regarding the sale of Epic! to benefit creditors.
Byju's
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
prosus india portfolio shows mixed returns with pharmeasy lagging behind
Prosus N.V.
Eruditus
Byju's
Stack Overflow
Skillsoft Corp.
ElasticRun
Meesho
PayU
SWIGGY LIMITED
IND
Fabricio Bloisi
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09:45 02.12.2024
Supreme Court halts Aakash Institute's plan to amend Articles of Association
Aakash Educational Services Ltd.
Byju's
Singapore VII Topco I PTE. Ltd.
Blackstone Inc.
SGP
Sanjiv Khanna
P. V. Sanjay Kumar
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10:10 29.11.2024
byjus founder accused of attempting secret buyback amid bankruptcy proceedings
03:23 21.11.2024
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