India, Nov. 13 -- Ranjan Pai-led Manipal Education & Medical Group Pvt. Ltd. has submitted a second bid to acquire Byju's parent Think & Learn Pvt. Ltd. under insolvency, in what is seen as a move to wrest control of Aakash Educational Services Ltd.-a profitable test-prep coaching centre that Byju's acquired in 2021.

According to the expression-of-interest documents filed with Byju's resolution professional, Manipal Group has sought to be included as a prospective bidder, so that it can conduct a due dilligence of the insolvent company's financial and operational details to draw up a resolution plan.

This is Manipal Group's second EoI since the resolution professional extended the submission date to 13 November 2025 due to lack of bidde...