Register now for FREE unlimited access to Reuters.com RegisterSignage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021.
REUTERS/Andrew Kelly/File PhotoSept 23 (Reuters) - 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.
While closing the deal, Byju's had paid all of Aakash's shareholders, except Blackstone as the PE firm had agreed on deferred payment, the source said.
Register now for FREE unlimited access to Reuters.com RegisterBlackstone did not immediately respond to a request for comment.
($1 = 81.1660 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yuvraj Malik in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.