Edtech major Byju’s payment of nearly Rs 1,500 crore to private equity firm Blackstone as part of the $950-million Aakash Educational Services (AESL) deal is on track, according to the sources.
They said this was the final tranche that Byju’s had to pay to Blackstone and the payment would be complete by the end of September this year. Byju’s has made partial payments to Aakash’s shareholders. In all, Blackstone, an investor in Aakash, was to receive $400 million.
The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company’s auditor, Deloitte