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...
08 Jun, 2024, 12.16 PM IST
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...
23 Apr, 2024, 06.41 PM IST
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 ...
15 Apr, 2024, 05.15 PM IST
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...
04 Apr, 2024, 08.29 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
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...
10 Mar, 2024, 07.05 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 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...
28 Feb, 2024, 07.37 AM 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
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 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’...
21 Feb, 2024, 07.41 PM IST
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...
21 Feb, 2024, 01.58 PM IST
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...
11 Feb, 2024, 09.26 AM 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
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 ...
02 Feb, 2024, 03.24 PM IST
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...
31 Jan, 2024, 09.37 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