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EGM RIGHTS ISSUE
Supreme Court rejects Glas Trust, Byju’s RP pleas against Aakash rights issueThink and Learn is not allowed to participate in the issuance of new shares, as it is currently facing insolvency proceedings. Glas Trust h...- SC junks GLAS Trust plea, clears Aakash rights issue cutting Byju’s stake to under 5%The Supreme Court has dismissed GLAS Trust Co. LLC's appeal against Aakash Educational Services' rights issue. This decision allows the rig...
- SC to hear Glas Trust's plea against Aakash Rights issueOn Monday, the Supreme Court will review a petition submitted by Glas Trust, which takes issue with Aakash Educational Services' proposed r...
- Aakash shareholders approve share capital increase ahead of rights issueRaising the share capital is an important step before floating a rights issue. Glas Trust, which represents Byju’s US lenders, had earlier ...
- Byju's moves NCLAT on Aakash EGM for rights issueByju's has appealed to the NCLAT against an NCLT order that refused to halt Aakash Educational Services' EGM for a rights issue. The edtech...
- NCLT declines relief to Byjus, refuses to stay Aakash EGM on rights issueIn his argument, counsel for Byju’s parent Think and Learn said the proposed rights issue would slash its stake in Aakash Educational Servi...
- Majority of shareholders approve Byju's EGM proposal to increase authorised share capitalThink and Learn's shareholders approved a USD 200 million capital raise through a rights issue despite opposition. The NCLT ordered funds t...
- No objection to resolution in Byju's EGM; miffed investors await scrutiniser's reportByju's raised share capital for a USD 200 million rights issue at the EGM, with investors opposing founder's ouster. NCLT and Karnataka HC ...
- Byju's offers warring investors to participate in funding, secures 50% votes on rights issueByju Raveendran, founder and CEO of Byju's, said in a letter to shareholders that despite the “animosity shown by some of the investors in ...
- NCLT refuses to stay Byju’s EGM over $200 million rights issueThe stay was sought by investors of Byju’s parent Think & Learn, led by Prosus, to block the rights issue.
- NCLT reserves orders on Byju’s rights issue; gives three days to file written submissionsFour key Byju’s investors, led by Dutch investment firm Prosus, told the NCLT that the company was allowed to issue capital of Rs 6 crore t...
- ETtech Explainer: What to know about Byju’s boardroom battle and shareholder resolutionsA majority of investors in Byju’s parent Think & Learn unanimously voted to remove founder Byju Raveendran as CEO and revamp the board, whi...
- I continue to remain CEO: Byju Raveendran to staffByju Raveendran's note comes a day after a group of investors unanimously voted to oust him as the CEO of the online education platform.
- Byju’s investors vote to oust CEO RaveendranInvestors in Byju's led by Prosus filed a petition at NCLT alleging oppression and mismanagement by the present management of Byju’s. They ...
- Byju Raveendran, Divya Gokulnath and Riju Ravindran to skip company's EGMByju’s in a statement said, “This EGM is procedurally invalid, contractually in contravention of our AOA (article of association) and SHA (...
- Byju’s rights issue gets $300 million commitmentByju's floated a rights issue in January to raise $200 million through equity rights issue at an enterprise valuation in the range of $220-...
- Shareholders okay tweak in IndiGo’s contentious clausesThe clauses were the bone of contention in a bitter feud between the two. The clause, when amended, lifts one barrier to any sale of shares...
- IndiGo EGM call signals truce among promotersThe EGM has been called to amend the AoA, which, among other things, say that if one promoter decides to sell his shares, the other has the...
- Indian Bank seeks shareholders nod for Rs 4,000 cr equity capital raiseExtraordinary General Meeting (EGM) of the bank was held on 2nd March, 2021 through video conferencing/other audio visual means in accordan...
- Cyrus Mistry files petition to National Company Law Appellate TribunalMistry's petition seeks to clear his position of maintainability of the case and stall Tata Sons shareholders meeting slated for February 6.
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