India’s edtech major Byju’s is acquiring Aakash Educational Services Ltd. in an estimated $950-million cash-and-stock deal, according to ET report. “Post the transaction, Blackstone Group and Aakash Institute’s founders will hold a minority stake in Byju’s at a valuation of about $13 billion, founder Byju Raveendran said. “We will integrate Aakash’s expertise in test prep…
Aakash Educational Services Limited (AESL), a conglomerate of Aakash Institute, Aakash IIT-JEE and Aakash Foundations, has announced the appointment of Abhishek Maheshwari as its Chief Executive Officer (CEO). In his new role, Abhishek Maheshwari will be responsible for strategy formulation and management of core offerings of AESL, which include digital along with classroom, hybrid, and…