Byju's rights issue closes today, top investors likely to give it a miss
The issue has been fully subscribed, CEO Byju Raveendran had said in a letter to shareholders ahead of the February 23 EGM
Stay updated with breaking news from Byjus Downfall. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The issue has been fully subscribed, CEO Byju Raveendran had said in a letter to shareholders ahead of the February 23 EGM
Byju's woes: Edtech giant Byju's faces a fifth legal challenge filed against it in the NCLT and the fourth filed in 2024 alone
The investors alleged that the company's move to call for rights issue is illegal and contrary to law and sought a stay of it, while the board of directors of the company argued that the investors were creating obstructions to the company
Tonights edition of DNA dives into the factors contributing to BYJUs downfall, it underscores the need for accountability and transparency in corporate governance.
New Delhi, Feb 18 (PTI) Edtech major Think and Learn, which operates under BYJU'S brand name, is learnt to have received a commitment of USD 300 million from investors for its ongoing rights issue which will close by the end of February, sources aware of the development said.