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Byjus salaries: Byju Raveendran raised debt to pay March salaries

Byju s CEO covers March salaries with personal debt. Blocked rights issue, USD 200M raised earlier. Investors like Prosus, General Atlantic, Sofina involved in NCLT case. Partial payouts made on April 20. ....

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Investors Vs Byju's: What has been argued in NCLT so far?

The investors alleged that the company s move to call for rights issue is illegal and contrary to law and sought a stay of it, while the board of directors of the company argued that the investors were creating obstructions to the company ....

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Hostile investors likely to skip Byju's $200-mn rights issue

The edtech company plans to go ahead with its raise issue on Wednesday after the NCLT deferred its verdict on a petition filed by Byju’s investors ....

National Company Law Tribunal , General Atlantic , Companies Act , Byju S , Rights Issue , Think And Learn , Prosus Nv , Peak Xv Partners , Sofina Sa ,

Byju Raveendran | Plea in Karnataka High Court after Byju's investors vote to oust founder, family from board

Shareholders who voted against CEO Byju Raveendran hold more than 60 per cent of the company, including Dutch investment firm Prosus, General Atlantic and Peak XV Partners ....

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Edtech | Byju's receives commitment of USD 300 million from investors for rights issue

Edtech major Think and Learn floated an equity rights issue in January to raise $200 million at an enterprise valuation in the range of $220-250 million which is a 99 per cent reduction from its peak valuation of $22 billion ....

Chan Zuckerberg , Extraordinary General Meeting , General Atlantic , Byju S , Rights Issue , Think And Learn ,