Singapore Topco Withdraws Plea Challenging Changes In Aakash’s AoA

The Blackstone-backed entity withdrew its petition without giving any reason

Earlier, Singapore Topco and Glas Trust challenged Aakash’s AoA saying that the alteration will lead to their stakes getting diluted in the startup

While Topco has effectively moved away from Aakash’s path to raise external funds, its other investor Glas Trust continues to contend against the AoA

Aakash Institute’s shareholder Singapore Topco has withdrawn its petition from the National Company Law Tribunal (NCLT) challenging the…