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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..