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BYJUS RIGHTS ISSUE
Byju’s founder Raveendran sentenced to six months in jail for contempt of courtByju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt....- ETtech Explainer: What's next for Byju's after SC stays settlement deal with BCCIByju's founder Byju Raveendran is dealing with several legal disputes, including a Rs 158 crore payment issue with the Indian cricket board...
- Byju’s challenges NCLT order restricting fund use in Karnataka High CourtByju’s faces protests from investors over $200 million rights issue conducted at 99% discount. Lenders within consortium loaned $1.2 billio...
- Prosus stake in Byju’s worth zero: HSBCThis comes at the time of Byju's controversial $200 million right issue at 99% discount to its peak valuation of $22 billion, meaning any i...
- Investor group accuses Byju’s of violating NCLT orderA group of Byju’s investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Ra...
- Exclusive: Byju’s India CEO Arjun Mohan resigns, founder Raveendran to comeback at helm of daily opsByju Raveendran's return to the top of daily affairs after nearly four years is of significance as as a group of Byju’s investors voted in ...
- Byju's seeks arbitration in dispute with investors; NCLT adjourns hearing to April 23During Thursday's proceedings, the NCLT noted that it would be a “blatant violation” of its interim order dated February 27 if Byju’s has i...
- 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.
- Byju’s clears February salary in parts for some, rest get full payment after delayEmbattled edtech company Byju's on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for t...
- 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...
- NCLT reserves order on Byju’s rights issue; Meity tweaks IT rulesByju’s and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea a...
- 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...
- 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 ...
- Byju on rights issue, board changes; PhonePe launches Indus AppstoreDays ahead of a decisive extraordinary general meeting, Byju Raveendran wrote a letter to shareholders informing them that the edtech firm’...
- Read the full text of Byju Raveendran's letter to shareholders on rights issue, board restructuringRaveendran reiterated in his note that a few vested interests are acting against the company at a time when it is facing a severe cash crun...
- Byju’s asset sale hangs fire amid investor flare-upsUnlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along wit...
- 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...
- Read the full text of Byju's leadership's note to employees on salary delay, rights issueByju's top management informs employees about receiving commitments for over 100% of proposed amount for rights issue. They accuse certain ...
- A reset is on cards at Byju’s cap table post rights issue value cutDepending on the final set of investors subscribing to the share sale, Byju’s founder Byju Raveendran may also end up owning more in the co...
- 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 ...
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