India's financial crime-fighting agency issues notice to BYJU's
The agency alleged violations by the company worth over $1.12 billion under the Foreign Exchange Management Act (FEMA).
Source: dealstreetasia.com
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ED Issues Show Cause Notice To Byju's For Alleged FEMA Violations
The notice extends to Byju Raveendran, founder of Byju's, and Think and Learn Pvt Ltd. The ED's action follows an investigation into potential FEMA contraventions by the prominent edtech company.
Source: news18.com
Forex Violations: ED issues notice to Byju's for forex violations of Rs 9000 crore
India Business News: The Enforcement Directorate (ED) on Tuesday issued show-cause notice to Byju's for allegedly violating foreign exchange rules amounting to Rs 9000 cro
Source: indiatimes.com
Byju's denies media reports claiming ₹9,000-crore FEMA violation notice from ED
The notice reportedly encompasses Byju Raveendran, the founder of Byju's, and Think and Learn. The ED's move comes after an inquiry into potential FEMA violations by the ed-tech unicorn.
Source: livemint.com
byjus: Byju's in talks to sell US unit Epic for $400 million to Joffre
The potential sale of Epic! Creations Inc. would help Byjus raise funds to pay down a disputed $1.2 billion term loan, people familiar with the matter said. Other bidders, including Duolingo Inc., have also expressed interest in buying the platform, they said, asking not to be named as the information isnt public.
Source: indiatimes.com