{"id":836754,"date":"2024-07-24T10:21:41","date_gmt":"2024-07-24T04:51:41","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=836754"},"modified":"2024-07-24T10:21:41","modified_gmt":"2024-07-24T04:51:41","slug":"ranjan-pais-stake-buy-in-byjus-aakash-educational-services-gets-cci-green-signal","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/24\/ranjan-pais-stake-buy-in-byjus-aakash-educational-services-gets-cci-green-signal\/","title":{"rendered":"Ranjan Pai\u2019s stake buy in Byju&#8217;s Aakash Educational Services gets CCI green signal"},"content":{"rendered":"<p>The Competition Commission of India (CCI) on Tuesday approved the acquisition of a significant stake in test prep platform Aakash Educational Services Limited by Manipal Health Systems Pvt Ltd and MEMG Family Office LLP by converting debt into equity.<\/p>\n<p>The board of Byju\u2019s-owned Aakash Institute earlier approved the conversion into equity of the $300 million Ranjan Pai, chairman of Manipal Education and Medical Group, invested in January 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) on Tuesday approved the acquisition of a significant stake in test prep platform Aakash Educational Services Limited by Manipal Health Systems Pvt Ltd and MEMG Family Office LLP by converting debt into equity. The board of Byju\u2019s-owned Aakash Institute earlier approved the conversion into equity of the $300 million Ranjan Pai, chairman of Manipal Education and Medical Group, invested in January 2024.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-836754","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=836754"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836754\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=836754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=836754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=836754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}