Byju’s clears pending dues of $234-million to Blackstone for Aakash acquisition

Edtech unicorn Byju’s has cleared pending payment of $234 million to global private investment firm Blackstone, which were linked to its deal to acquire brick-and-mortar coaching chain Aakash Institute last year, people briefed on the matter said.

Byju’s acquired Aakash Institute for $950 million in April 2021 but the payment to Blackstone – which held around 38% stake in Aakash – was delayed.