BYJU’S says scrutiniser report clears $200 mn rights issue; awaits NCLT nod
Notwithstanding approval from shareholders, the tribunal court’s earlier order had asked BYJU’s not to use funds; next hearing on April 23
byju raveendran
April 2024
February 2024
BYJU's breaks salary delay; pays up after 2 months’ hold
Despite its efforts, BYJU's has not yet received approval to access the funds from the rights issue, attributing the delay to actions taken by four of its investors
BYJU's unit Aakash Educational appoints Deepak Mehrotra as MD, CEO
Crisis-hit BYJU’s ropes in Mehrotra to deliver its “aggressive growth plan”
Byju Raveendran’s net worth falls from $2.1 bn to zero
Once the poster boy of the Indian startup scene, Raveendran has been caught up in controversies over foreign funding, fund crunch, layoffs and legal tangles with investors
BYJU’s to delay March salaries; blames ‘misguided’ foreign investors
BYJU's says these investors obtained court order that restricted use of funds raised through rights issue; assures employees could receive salaries by April 8
Byju's EGM: Investors face multiple disruptions amid delay in verification of attendees
According to reports, several attendees also received an unidentified notification stating that the EGM had been cancelled.
Look-out notice, insolvency plea, EGM: BJYU’S faces toughest battle yet
BYJU’s scores small victory as Karnataka HC grants it relief, stating that any resolutions proposed to be passed in Feb 23 EGM will be "invalid" until disposition of its petition
‘Bloodied, yet unbowed’: BYJU’S CEO says $220 mn rights issue fully subscribed
Amid miffed shareholders aiming for his ouster in upcoming EGM, Raveendran tries to soothe nerves by promising to restructure board and appoint 2 non-executive directors
Byju's tried to grow too fast sans corporate discipline: Rajeev Chandrasekhar
"If you don't learn from those who came before you, you will make mistakes and I think, Byju's is that mistake," says Rajeev Chandrasekhar.
BYJU’s rights issue: Ed-tech major receives commitment worth $300 mn
Some investors of BYJU’s have called for an EGM on February 23; to discuss issues related to outstanding governance, financial mismanagement
