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BYJU’S Considering Offer For Warring Investors To Participate In Rights Issue

Inc42 · 1y

BYJU'S is considering an offer for its dissatisfied investors to participate in its $200 million rights issue, despite opposition from investors engaged in legal actions. The CEO, Byju Raveendran, sent an email to shareholders stating that the board is considering making the offer in good faith to avoid dilution of existing shareholders' stakes. The company has already secured over 50% of the necessary votes to increase its authorized share capital. BYJU'S is currently facing hostilities from investors, including Prosus Ventures, Peak XV Partners, and Chan Zuckerberg Initiative, who opposed the rights issue.