Corporate News

The company's board sanctioned a final dividend of Rs 28 per share.

The restructuring within PPBL has been emphasized, with the board undergoing significant changes. As stated by One 97 Communications Limited, nearly all agreements between the parent company and PPBL have been terminated, a process initiated and disclosed on March 1, 2024. The reconstitution of PPBL's board now includes five independent directors, including an Independent Chairperson, without any nominees from the parent company.

Byju Raveendran, Co-founder and CEO of Byju’s, expressed confidence in Mehrotra's ability to drive the company's ambitious growth plans and capitalize on the current momentum. Mehrotra, equipped with a bachelor's degree in electrical engineering from IIT Roorkee, an MMS from JBIMS, and having completed an Executive program from The Wharton School in Philadelphia, is well-equipped to steer Aakash Educational Services towards further success.

In a heartfelt post shared on LinkedIn, Bhushan reflected on his nine-year journey at Magicpin, describing it as a rollercoaster ride filled with growth, challenges, and invaluable lessons. He expressed his decision to step back, emphasizing the need to take a pause for personal rejuvenation.

As a subsidiary of Australia-based REA Group, REA India aims to consolidate its position by nurturing both Housing.com, the real estate classified platform, and PropTiger.com, the residential brokerage portal. Agarwala emphasized the company's commitment to reinforcing its existing ventures to foster growth and resilience.

This transition marks the departure of LV Vaidyanathan, who, after dedicating 28 years of service to P&G, will be moving on to pursue other endeavors, as stated in an official announcement.

Ankur Jain, Founder and CEO of Bira 91, expressed enthusiasm about the new partnership, stating, "As Bira 91 continues to advance its growth strategies across various markets and bolster its supply chain, this collaboration will significantly reinforce the company’s financial position."