Byju's says BDO resigned after start of bankruptcy proceedings; alleges “unethical requests, manipulative tactics” by auditorByju's defended its inability to provide the documents, saying in a statement that the materials were requested from the firm's board, whic...
08 Sep, 2024, 08.12 AM IST
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 ...
29 Mar, 2024, 01.15 PM IST
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.
28 Mar, 2024, 03.47 PM IST
Macquarie slashes Byju’s valuation by 98% after Julius Baer protestThe unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the peop...
02 Mar, 2024, 07.01 PM IST
Unable to process salaries because of investor dispute: Byju Raveendran to staffIn an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate ac...
02 Mar, 2024, 06.52 PM IST
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...
27 Feb, 2024, 09.36 PM IST
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.
24 Feb, 2024, 09.17 PM IST
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 seeks $200 million in rights issue at 99% valuation cutByju’s, which is facing multiple crises and is in urgent need of a fresh cash infusion, is likely to price the share offering at as low as ...
30 Jan, 2024, 10.11 PM IST
ED issues show cause notice of Rs 9,362 crore to Byju’s for forex violationEarlier in the day, ET reported that ED had found alleged forex violations to the tune of Rs 9,000 crore by edtech giant Byju’s, citing sou...
21 Nov, 2023, 10.44 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
More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
25 Jul, 2023, 08.07 PM IST
Consortium of Byju’s lenders extends pact to deal with edtech jointly: reportAn earlier pact signed by the lenders’ consortium, which requires them to act in concert in negotiations with the edtech, is set to expire ...
29 Jun, 2023, 12.51 PM IST
'Red flags in Byju's financials': MP Karti Chidambaram seeks ICAI reviewCiting various media reports, the Lok Sabha member said Byju's is not in a sound state of financial health and urged the ICAI to review its...
16 Oct, 2022, 11.56 AM IST
Government asks Byju’s reasons for delay in filing audited accounts: reportAccording to the report, earlier this month, the Ministry of Corporate Affairs sent a letter to Byju’s parent company Think & Learn asking ...
25 Aug, 2022, 10.08 PM IST
Wishes in a letter: How this edutech company is celebrating Mother’s DayFrom May 8 onwards, special post boxes have been set up on campus where employees can drop their letters.
09 May, 2019, 07.29 PM IST