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Edtech major BYJU'S on Tuesday said its promoters have re-invested the entire amount raised by them through secondary sale of shares in the company.
Company says entire amount reinvested in business to scale it
According to private market intelligence firm PrivateCircle Research, BYJU's promoters -- Byju Raveendran, Divya Gokulnath and Riju Ravindran -- have together sold shares worth around USD 408.53 million in 40 secondary transactions since 2015.
Edtech major BYJU's on Tuesday said its promoters have re-invested the entire amount raised by them through secondary sale of shares in the company.
Deloitte and three board members part ways with Byju's amidst legal disputes and declining valuation, raising investor concerns