BYJU’s have to pay Rs 2,000 crores to clear Aakash acquisition deal on September 23

NEW DELHI: Edtech major BYJU’s is set to pay the remaining amount of nearly Rs 2,000 crore to VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services on September 23.

According to BYJU’s financial report FY21, “As per the terms of the agreement for acquisition of Aakash Educational Services, consideration to the extent of Rs 1,983 crore was due to be paid by the company to the sellers in June, 2022. This has been deferred to September 23, 2022”.