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Byju’s investors called an extraordinary general meeting (EGM) after the startup announced a plan to raise Rs 1662 crore after losing Rs 180806 crore valuation by way of a rights issue to all its equity shareholders. ....
Reports also surfaced that Byju's investors are seeking to oust the top bosses of the company led by Byju Raveendran, saying they are 'deeply concerned' about future stability under the current leadership. BYJU’s Salary Delay: Edtech Major Delays Salaries of Employees for January, US Unit Files for Bankruptcy, Says Report. ....
The company had earlier listed February 1 for the January salary pay-out for its employees, which has now been delayed and there is no communication, according to sources. ....
Byju's Aims To Raise $200 Mn Via Rights Issue At Drastic Valuation Cut menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.