Ranjan Pai's Manipal Education & Medical Group (MEMG) has expressed interest in buying all the assets of BYJU's parent company Think & Learn, which is in bankruptcy proceedings. MEMG is primarily targeting BYJU's 25% stake in Aakash Educational Services (AESL).

The move comes after the Supreme Court approved Aakash's ₹200 crore rights issue, which will reduce BYJU's stake to just 5%. The last date for submitting bids has been extended to November 13, with other investors still considering participation.

BYJU'S bought Aakash for around $1 billion in 2021 but later ran into huge debt. Ranjan Pai had earlier invested $300 million in Aakash and now owns a 40% stake, making him its largest shareholder.