🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

News on Medial

Top Investors May Opt Out Of Byju’s $200 Mn Rights Issue

Top Investors May Opt Out Of Byju’s $200 Mn Rights Issue

BYJU'S top investors, including Prosus NV, Peak XV Partners, General Atlantic, and Sofina SA, may not participate in the edtech company's $200 million rights issue. These investors collectively hold a 25% stake in BYJU'S parent company, Think and Learn Pvt Ltd, and have filed a petition against the rights issue, citing oppression and mismanagement. Meanwhile, BYJU'S CEO Byju Raveendran confirmed in a letter to shareholders that the rights issue had been fully subscribed. The company's board composition and leadership have also been questioned, with investors calling for an extraordinary general meeting to discuss changes.

1

Comments

More Like this

BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue

BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue

Hostile investors likely to skip Byju’s $200-mn rights issue

Hostile investors likely to skip Byju’s $200-mn rights issue

Byju’s says $200 mn raise done, to appoint two investor directors

Byju’s says $200 mn raise done, to appoint two investor directors

Byju’s rights issue gets $300 million commitment

Byju’s rights issue gets $300 million commitment

BYJU’S Closes $200 Mn Rights Issue, But Employee Salaries Delayed Again

BYJU’S Closes $200 Mn Rights Issue, But Employee Salaries Delayed Again

Beleaguered BYJU’S Gets Shareholders’ Approval For $200 Mn Rights Issue

Beleaguered BYJU’S Gets Shareholders’ Approval For $200 Mn Rights Issue

Byju’s $200 mn ‘cram-down’ round forces investors’ hand

Byju’s $200 mn ‘cram-down’ round forces investors’ hand

Byju’s challenges NCLT order restricting fund use in Karnataka High Court

Byju’s challenges NCLT order restricting fund use in Karnataka High Court

Relief for BYJU’S As NCLT Reserves Verdict On Investors’ Plea

Relief for BYJU’S As NCLT Reserves Verdict On Investors’ Plea

Byju’s likely to go ahead with rights issue after NCLT defers verdict

Byju’s likely to go ahead with rights issue after NCLT defers verdict

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

May 2025

GenAlpha masters STEM with Cinderella & Ganesha.

Bringing hope to life, one thought at a time.

PenseeWeb Studios

When Study Apps Failed, We Built Our Own System

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.