Byju's said to have paid $234m to Blackstone to settle dues related to Aakash deal

Byju's said to have paid $234m to Blackstone to settle dues related to Aakash deal

Byju’s founder Byju Raveendran. Photo: Mint

India’s Byju’s has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private equity firm as part of a $950 million deal to buy Aakash Educational, a source directly involved with the deal said on Friday.

The payment made on Thursday was for a stake of about 38% owned by Blackstone in the learning center chain that Byju’s acquired in April 2021.

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