The investment, analysts at paper.vc estimate, could be upwards of $500 million. : Aakash Educational Services, which had sought to list on the exchanges via an ‘offer for sale’ (OFS) in July 2018, could see an investment by Singapore VII Topco I. The fund has sought the Competition Commission of India’s (CCI) nod to acquire a 37.5% stake in the company that runs the Aakash Institute coaching centres, according to a CCI notification and documents sourced from business signals platform paper.vc. The Singapore-based special purpose vehicle is controlled by Blackstone’s Asia Fund, the analysts said.