Stay updated with breaking news from Bjyu S. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju’s Exam Prep (BEP) teams, according to an internal company document.
The edtech company said earlier this week that the rights issue by its parent company Think & Learn Pvt. Ltd to raise $200 million at a 99 per cent valuation cut was fully subscribed.
Reportedly, this development comes ahead of a high-stakes Extraordinary General Meeting (EGM) scheduled for this Friday, where it was reported that certain investors were seeking to oust Raveendran from his position.