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New Delhi: Edtech major Byju’s has paid November salaries of some of its employees after a “technical glitch” hampered the payment of some 1,000 workers.
The Board of Control for Cricket in India (BCCI) has filed a plea before the Bengaluru bench of the National Company Law Tribunal (NCLT) against Think & Learn Pvt Ltd (Byju's) to recover its dues worth Rs158 crore. The petition is filed under section 9 of the Insolvency & Bankruptcy Code (IBC).
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
Foreign institutional investors bought shares worth Rs 71.91 crore, while domestic institutional investors purchased Rs 2,360.81 crore worth of stocks on November 29, provisional data from the National Stock Exchange showed.
Prosus had previously valued its 9.67% stake in the edtech giant at $578 million, effectively valuing the company at less than $6 billion