Ranjan Pai buys US fund's stake in Aakash for 1.4k cr

Education and healthcare billionaire Ranjan Pai has purchased US private equity fund Davidson Kempner's stake in Aakash Institute, a subsidiary of Byju's. Pai has also acquired Davidson's debt instruments, worth Rs 1,400 crore, and is in talks to acquire minority shareholders including the Chaudhry family and Blackstone. This...