CCI Approves Manipal’s Stake Buy in Aakash Educational Services

26 Jun 2025 CW Team

The Competition Commission of India (CCI) has approved a transaction involving the acquisition of equity in Aakash Educational Services Limited by Manipal Health Systems Private Limited and Manipal Education and Medical Group India Private Limited.

Manipal Health Systems (Acquirer 1) operates hospitals and healthcare services across India, while Manipal Education and Medical Group (Acquirer 2) provides management consultancy services. Both companies are Indian-owned and controlled, and are jointly referred to as the Acquirers.

The deal involves the purchase of equity shares in Aakash Educational Services Limited from Mr J.C. Chaudhry, one of the individual shareholders in the company.

Aakash Educational Services is a well-established unlisted public company providing a range of educational services across India. These include:

Supplementary classroom coaching for students from Class 8 to 12
Preparation for competitive and merit-based exams, such as Olympiads and NTSE
Multiple delivery models including classroom teaching, online learning, hybrid formats, and distance education

The acquisition marks a strategic move for the Manipal Group, enabling it to strengthen its footprint in India’s education sector. The CCI’s detailed order is expected to follow in due course.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..