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The company said it will continue with the proposed $200-million rights issue that was announced earlier this week for existing shareholders, while adding that it has received encouraging responses from multiple investors.
Embattling edtech company Byju's on Friday said investors have no voting rights on CEO change, after statements from a select few investors surfaced, calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju ...
Byju's top management informs employees about receiving commitments for over 100% of proposed amount for rights issue. They accuse certain investors of conspiring against the company. Despite the crisis, salaries will be paid in a phased manner. The founders personally invested $1 billion during harsh economic conditions.
Around six investors in Think and Learn Private Limited, which operates under BYJU's brand
Byju's shareholders have moved a resolution seeking the ouster of the founders of the company, including CEO Byju Raveendran.