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In 50 Words: Byju’s eyes mid-2023 IPO for test prep unit Aakash
Byju‘s plans to launch an IPO for its test preparatory subsidiary, Aakash Education Services, by mid-2023, with AESL’s revenue expected to reach over US$483.8 million and adjusted earnings of more than US$108.8 million in the fiscal year 2023 through 2024. The IPO aims to raise capital for upgrading infrastructure and expanding Aakash’s reach in India.
