MEMG and GLAS Trust are in the final documentation phase of a settlement regarding the shareholding of Aakash Educational Services.
The agreement seeks to resolve the dilution of Think & Learn's 25.75% stake and allocate roughly 17.89 million contested shares linked to founder Byju Raveendran.
Appellate courts previously established that US lenders could not use Byju's insolvency proceedings to "commercially kill" Aakash by blocking its capital-raising efforts.
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