The court did not stop the closure of the rights issue but asked Byju's to keep the funds untouched.
2 min read28 Feb 2024The 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
3 min read28 Feb 2024The National Company Law Tribunal has sought written submissions in three days from Byju’s and its investors, who had sought a stay against the company’s $200-million rights issue
3 min read27 Feb 2024The online tutor is involved in at least five legal cases, including one filed by key shareholders and another against investors seeking to remove founder Byju Raveendran as the company’s CEO.
4 min read27 Feb 2024Investors called an extraordinary general meeting to oust founder CEO Byju Raveendran and edtech firm’s board, but it hasn’t happened. The EGM’s validity was taken to court.
1 min read26 Feb 2024Byju’s founder informed employees he plans to challenge what he termed as ‘illegal and prejudicial actions’ by a “small group of select minority shareholders”
2 min read24 Feb 2024People with knowledge of the consortium of investors’ plans said the EGM has been called by key shareholders on 23 February to take stock of the liquidity situation and to oust Raveendran as CEO
2 min read22 Feb 2024On 1 February, top investors holding a combined 30% stake in Byju’s parent Think & Learn Pvt. Ltd called for an EGM to change the leadership, reconstitute the board, and address financial management and governance issues.
4 min read2 Feb 2024There's some disquiet over valuations as Ranjan Pai enters the Byju's maze
3 min read28 Jan 2024Alpha, which some creditors allege helped Byju’s hide more than $500 million in cash, filed for insolvency after it defaulted on debt of $1.2 billion
3 min read2 Feb 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared