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SUMMARY
Edtech major Aakash shareholders have approved a plan to increase the company’s authorised share capital to accommodate the proposed INR 500 Cr rights issue
The company’s board approved the resolution to increase the authorised share capital after receiving approval by the requisite majority of shareholders present and voting
During the meeting today, BYJU’S representative objected to the proposal and mentioned ongoing court cases before the NCLAT and the NCLT that challenge Aakash’s rights issue
After…
