India, Oct. 12 -- Think & Learn Pvt Ltd (TLPL), the insolvent parent of BYJU's, is set to hold around 32% in Aakash Educational Services once a settlement resolving its long-running shareholding dispute with the coaching company is fully implemented.

According to an ET report, the stake will be higher than the roughly 25.75% TLPL held before Aakash's Rs.240 Cr rights issue became the subject of litigation last year. TLPL's recorded shareholding fell sharply after Aakash withheld a portion of the shares it had subscribed for.

The settlement will include allotment of rights issue shares as well as transfer of existing shares to TLPL, the report said, adding that there would be no cash consideration for the deal between TLPL, Aakash, and t...