Ranjan Pai-led Manipal Group enters BYJU’S insolvency race

The troubled insolvency of Think and Learn Pvt Ltd (TLPL), the parent company of BYJU’S, has gained a contender after the Ranjan Pai-led Manipal Education and Medical Group India (MGME India) formally entered the process as a prospective bidder.

The move positions the Manipal Group at the centre of a complex corporate resolution battle, especially given its controlling stake in Aakash Educational Services Limited (AESL).

MEMG India has formally submitted an Expression of Interest (EOI) to participate in…