Aakash Approves Raising Authorised Share Capital To Proceed With Rights Issue

Edtech major Aakash shareholders have approved a plan to increase the company’s authorised share capital to accommodate the proposed INR 500 Cr rights issue

The company’s board approved the resolution to increase the authorised share capital after receiving approval by the requisite majority of shareholders present and voting

During the meeting today, BYJU’S representative objected to the proposal and mentioned ongoing court cases before the NCLAT and the NCLT that challenge Aakash’s rights issue

After…