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
byjus rights issue
April 2024
February 2024
After March salary delay, layoffs haunt BYJU’s employees
BYJU’s terms layoff exercise as "business restructuring", which is being done to reduce cost base and simplify operating structures
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
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
