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Byju's gets breather: NCLT allows EGM slated for March 29 amid $200 mn rights issue despite investor objections

Byju's, the beleaguered edtech giant, is seeing a glimmer of hope in its fight against a cash crunch. The NCLT has allowed the company to proceed with a crucial EGM scheduled for March 29. The EGM aims to increase Byju's authorised share capital, a necessary step for its $200 million rights issue.

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Byju's news: Byju's to vacate several offices in cost-cutting drive, may give up HQ partially

Edtech firm Byju's is undergoing cost-cutting and restructuring efforts, downsizing smaller assets and consolidating its focus on the top four to five cities. The company has identified offices and tuition centers for closure across 17 cities, reducing the count to approximately 250. Byju's faces financial challenges, including disputes with landlords over rental payments and legal issues related to a $1.2 billion loan

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NCLT Bengaluru issues notice to Byju's on insolvency plea by international lender

A US-based lending company submitted today that Byju's had defaulted in payment of over ₹8,000 crore.

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Four investors approach NCLT Bengaluru against Byju's alleging oppression and mismanagement

The investors have sought a declaration that the founders and the present company management is unfit to run Byju's.

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Byju's: Read the full text of Byju Raveendran's letter to employees after EGM by investors

On Friday, a group of investors unanimously voted to oust Raveendran as the CEO of Byju's and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran.

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Gloves on: Not taking allegations lying down, remain CEO, says Byju Raveendran

Byju’s founder informed employees he plans to challenge what he termed as ‘illegal and prejudicial actions’ by a “small group of select minority shareholders”

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Still Byju's CEO; EGM a 'farce': Raveendran to staff

New Delhi, Feb 24 (PTI) A day after investors of the troubled edtech firm Byju's voted for a leadership change, Byju Raveendran has penned a note to employees saying he continues to remain CEO and the management remains unchanged, as he dubbed Friday's EGM as a farce.

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'Byju's founder Raveendran unfit to run firm': Investors file suit in NCLT seeking his ouster

'Byju's founder Raveendran unfit to run firm': Investors file suit in NCLT seeking his ouster
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BYJU'S rights issue gets $300 mn commitment

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.

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As Byju's CEO Raveendran faces ouster, edutech firm gets ₹2,500 crore push

Edtech company Byju's, in the middle of its financial crisis, has received a commitment of $300 million from its investors.

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