India, Nov. 6 -- Ranjan Pai's Manipal Education & Medical Group (MEMG) has reportedly submitted an express of interest (EoI) to BYJU'S insolvency resolution professional (IRP) amid its bankruptcy proceedings.

As per a report by ET, MEMG is looking to buy all assets of BYJU'S parent Think & Learn Private Limited, with a specific interest in BYJU'S main asset, that is, 25% stake in Aakash Educational Services Limited (AESL).

"MEMG will look at all possible assets it can. Currently, it's just an expression of interest indicating that they intend to bid. However, the main asset is the 25% stake that Think & Learn holds in Aakash as of today," one of the sources told ET.

The development comes shortly after the Supreme Court (SC) cleared Aak...