Read the full text of Byju Raveendran's letter to shareholders on rights issue, board restructuringByju Raveendran informs shareholders that the $200 million rights issue is fully subscribed, emphasizes the importance of all shareholders ...
21 Feb, 2024, 07.53 PM IST
Byju's investors call for EGM on Friday to oust founder, his family membersInvestors at Byju's are calling for an extraordinary general meeting to oust founder CEO Byju Raveendran and his family members over allege...
20 Feb, 2024, 08.57 PM IST
Byju's at war — with investors, bankruptcyByju's, in a letter, said the investors have “no voting rights to change (its) chief executive”. Byju’s top management said certain investo...
03 Feb, 2024, 01.27 AM IST
BCCI takes Byju’s to NCLT over default in sponsorship duesThe Indian cricket board has filed the application against Byju’s parent company, Think & Learn, under the Insolvency and Bankruptcy Code, ...
29 Nov, 2023, 04.44 PM IST
For more capital, Byju’s must pass a tough testThese investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they...
29 Nov, 2023, 09.07 AM IST
Byju’s parent expected to adopt FY22 results this weekByju’s, which has missed payment on a $1.2 billion term loan, said it’s completed a long-awaited audit of all group units. Parent Think & L...
16 Oct, 2023, 09.17 PM IST
Byju’s, Davidson Kempner in talks to settle disputeByju’s and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan coven...
08 Aug, 2023, 06.00 AM IST
Byju’s lenders accused of using bogus loan-default claimsThe distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byju...
05 Aug, 2023, 09.24 AM IST
Davidson Kempner begins rejig of Aakash boardThe hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byju’s parent Think & Learn,...
04 Aug, 2023, 01.39 PM IST
ETtech Recap: Five must-read stories on Byju's crisis this weekETtech brings you up to speed with all the latest developments surrounding Byju's.
29 Jul, 2023, 05.13 PM IST
Plan significant Byju’s markdown over lack of visibility on audited financials: Peak XV tells limited partnersPeak XV told LPs that GV Ravishankar’s resignation from Byju’s board on June 6 was due to the fund’s dissatisfaction with the company’s man...
26 Jul, 2023, 09.10 AM IST
Byju's shareholder Prosus cites poor corporate governance for board exitInvestment firm pledges to work with other shareholders and government authorities to safeguard the long-term interests of Byju’s and its s...
25 Jul, 2023, 05.13 PM IST
Byju’s, lenders aim to strike new pact for $1.2 billion loan by August 3A formal agreement with lenders is of considerable significance for Byju’s as its differences with the former over the $1.2 billion TLB hav...
24 Jul, 2023, 10.15 PM IST
Exclusive: Byju’s, lenders agree to alter terms of $1.2 billion loanCreditors could drop the demand for accelerated repayment; all litigations may come to an end if talks turn out to be fruitful.
24 Jul, 2023, 10.49 AM IST
Former SBI chairman Rajnish Kumar, ex-Infosys CFO Mohandas Pai join Byju’s advisory councilThese appointments come after Byju’s three key investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–resigned from the board le...
13 Jul, 2023, 11.05 PM IST
Board members quit as shareholding fell below minimum threshold: Byju’sBy Friday midnight, Peak XV Partners, Prosus and Chan Zuckerberg confirmed their exit from edtech’s board.
24 Jun, 2023, 01.15 PM IST
Peak XV, Prosus and Chan Zuckerberg confirm exit from Byju’s boardA Byju’s spokesperson had called our report about the resignations entirely speculative and denied the claims.
24 Jun, 2023, 08.03 AM IST