Private equity firm Blackstone Group LP is investing in omnichannel education and test preparation firm Aakash Educational Services Ltd. Blackstone is picking up a 36.5% stake in Aakash for ₹1,350 crores at a valuation of over $500 million, reported Mint.

S&R Associates represented Aakash Educational Services Limited. The S&R team included Partner Mohit Gogia and Associates Kanika Khanna, Rachita Bhat, Anshul Chopra, and Apoorv Chaturvedi.

Simran Dhir, Head of competition practice, and Associates Dhruv Agarwal and Ishika Rout advised on competition law issues.

Trilegal advised Blackstone and the team was led by Partners Nishant Parikh and Arjun Ghosh.

Shardul Amarchand Mangaldas & Co advised Blackstone on the competition law aspect and the team was led by Partner Gauri Chabbra along with Associate Kajori De.