Manipal group’s Ranjan Pai likely to invest $250-300 million in Byju’s subsidiary Aakash Institute

Manipal Education and Medical Group chairman Ranjan Pai may invest as much as $250-300 million in Aakash Institute, a subsidiary of troubled edtech firm Byju’s, according to multiple people aware of the matter.

While his initial plan was to invest around $70 million, he is now close to infusing $170 million in the first stage, with more to come later, people aware of the matter said.