Page 22 - Great Learning News Today

Byjus sent an email to the affected employees, notifying them of a delay in the disbursement of their dues to November 17 from September 15 earlier

Edtech major BYJU's on Monday said it will clear the full and final settlement dues of laid-off employees soon amid "difficult business restructuring".In a statement, the company said it "regrets and acknowledges the delays in ...

BYJU’S has reportedly delayed the payment date for full and final dues of its laid off employees to November from September.

India Business News: Edtech firm Byju's has deferred clearing the final dues of its laid-off employees until November. The company had laid off 500-1,000 employees in June

This week, Indian startups have managed to raise $413 Mn across 21 deals, 61% jump from $257 Mn raised last week across 18 deals

News and developments from the week gone by, through numbers and charts.

Says, ‘As a commercially prudent borrower and like any other large corporate treasury, Byju’s Alpha has made investments in a multi-hundred billion dollar fund with high security fixed income instruments’

Byju's denied any wrongdoing and emphasised that the transaction was carried out within the terms of its credit agreement with lenders, which explicitly allows the movement and investment of funds disbursed under its terms.

Byjus statement was in response to a Bloomberg report that said the Bengaluru-based firms lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.

Lenders to BYJU’S have alleged that the edtech hid $533 Mn in an obscure Miami-based hedge fund, Camshaft Capital Fund.