Page 3 - Arjun Mohan News Today

The decision was reportedly taken to address the imminent liquidity crisis, the report said

Embattled edtech company Byju's has apparently mandated all its employees to work from home as it gives up office spaces across the country amid several cash crunch, barring those working at its 300-odd offline tuition centres.New Delhi, March ...

This comes at a time when the company has been engaged in a dispute with its investors regarding the validity of the funds raised from a recently concluded rights issue offering.

Byjus Crisis: Byjus has asked all employees to work from home indefinitely, except for those working out of approximately 300 Byjus Tuition Centres.

Byju's has now mandated that all employees work from home indefinitely

Byjus has given up office spaces as the leases expired, keeping only its Bengaluru-based headquarters at IBC, Knowledge Park, people close to the development told news agency IANS on Monday.

Embattled edtech company Byju’s has apparently mandated all its employees to work from home as it gives up office spaces across the country amid several cash crunch,

The EGM faced a number of disruptions, as unknown people tried to allegedly sabotage the meeting by various means, according to investor sources

The petition has been signed by four investors -- Prosus, GA, Sofina, and Peak XV -- along with support from other shareholders, including Tiger and Owl Ventures.

A Karnataka High Court order, however, bars enforcing any of the decisions taken during the EGM till the next date of hearing, which is March 13