Newsletter
Manipal Education & Medical Group has submitted an expression of interest (EOI) to bid for Think & Learn, the bankrupt parent of Byju’s.
For context, an EOI simply means a company has formally indicated it wants to explore or participate in a potential deal.
The deets: this is Manipal’s second submission after the deadline was extended to November 13. The group now plans to review Think & Learn’s financial and operational details before deciding on a full resolution plan.
Manipal’s interest is strategic because it already owns a majority stake in Aakash Educational Services, while Think & Learn holds about 25%. Gaining control of Think & Learn would allow Manipal to consolidate Aakash under one parent and streamline operations.
The why: the move isn’t mainly about rescuing Byju’s. The real target is Aakash. Think & Learn’s insolvency has created uncertainty around the test-prep business.
By entering the bidding process, Manipal aims to secure full ownership and bring stability to a company it already leads, without necessarily taking on the task of reviving Byju’s troubled core operations.
