India, June 26 -- Global lenders of the embattled edtech firm BYJU'S are in advanced talks to acquire a roughly 30% stake in Aakash Educational Services, an offline coaching institute partly owned by the group, at a valuation of $2 Bn.

As per a report by Reuters, lenders plan on dropping all legal actions and allegations against BYJU'S founder Byju Raveendran for a 30% stake in Aakash

The proposed equity transfer is part of the settlement to resolve the long standing legal dispute between bankrupt edtech company BYJU'S and its Term Loan B (TLB) lenders. If finalised, it would mark the conclusion to a high-profile conflict spanning courts across India, Singapore, and the United States.

This comes days after both the parties testified to...