Byju Raveendran Offers Aakash Shares To Settle $235 Million Claim

Byju's founder Byju Raveendran has proposed giving up beneficial interest in 17.89 million shares of Aakash Educational Services to settle Qatar Holding's arbitration claim of over $235 million. The precise structure and valuation of this proposed settlement are not yet clear.

Qatar Holding has previously indicated its intent to pursue debt repayment and enforce the arbitral award in its favor. This proposal comes amidst ongoing legal battles in India and Singapore. A Singapore arbitration tribunal ordered Raveendran and his entities to pay over $235 million plus interest in July 2025.

Subsequently, Qatar Holding sought to enforce this award in Indian courts, which have imposed asset freezes. Aakash Educational Services has become a key asset in broader disputes involving BYJU'S creditors. BYJU'S parent company, Think & Learn, has undergone insolvency proceedings due to payment defaults.

Raveendran also faces a six-month civil contempt sentence in Singapore related to the Qatar Holding dispute. This latest offer places Aakash at the center of overlapping disputes concerning ownership, creditor recoveries, and the future of the Byju's group.