Byju's | Byju's investors call for extraordinary general meeting EGM on February 23 to ouster founder, his family members
The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's
Source: telegraphindia.com
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byjus investors: Byju's investors call for EGM on Friday to ouster founder, his family members
Investors at Byju's are calling for an extraordinary general meeting to oust founder CEO Byju Raveendran and his family members over alleged mismanagement and failures. The shareholders listed financial mismanagement, erosion of value, and concealment of material information as reasons for seeking ouster.
Source: indiatimes.com
When Byju's made its presence felt, in absence; and other top stories this week
Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.
Source: indiatimes.com
Byju's asset sale: Byju's asset sale hangs fire amid investor flare-ups
Unlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along with the TLB investors. Byjus is seeking around $600 million from sale of the higher education asset but is yet to find a buyer with a binding term sheet.
Source: indiatimes.com
Trouble mounts for Byju's as firm's plan to sell assets hits a roadblock
The assets, include Great Learning and Epic. Byju’s is reportedly seeking around $600 million from sale of the higher education asset but is yet to find a buyer with a binding term sheet.
Source: businesstoday.in