Manipal Group Submits EoI for Byju's Parent Company, Think & Learn

Manipal Education and Medical Group India has formally submitted an Expression of Interest to participate in the ongoing insolvency proceedings of Think & Learn, the parent company of Byju’s, as per the news reports. 

The filing signals its intent to review the business before considering whether to prepare a resolution proposal.

Manipal Group Seeks Access to Company Information for Evaluation

The submission, made before the extended deadline of 13 November, includes all declarations and documents required for prospective resolution applicants. The group has asked for access to the Information Memorandum, evaluation matrix and Virtual Data Room to examine the firm’s financial and operational details. 

A statement from the company noted that the Resolution Professional will issue provisional and final lists of eligible applicants and clarified that an EOI does not ensure advancement to the next phase. The filing also indicated that Manipal Group is currently the only party to have submitted an EOI.

Insolvency Proceedings Remain Under Review at NCLT

The insolvency case for Think & Learn continues before the National Company Law Tribunal, with the Resolution Professional assessing potential options for revival or restructuring. As per the news reports, it holds strategic importance for Manipal Group, given its existing majority stake in Aakash. A successful resolution could strengthen consolidation around the education services in which the group is already active.

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Conclusion

The Manipal Group’s move to submit an EOI marks a significant step in its engagement with the insolvency process of Think & Learn, with further progress hinging on eligibility assessments and access to detailed company information.

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