Amid fund crunch, Edtech major Byju’s has shut its largest office space in Bengaluru’s Kalyani Tech Park, as part of cost-cutting measures, according to a report. The office space is spread across an area of 5.58 lakh square feet.
Based on the findings, the ministry will decide if the matter needs to be escalated to the Serious Fraud Investigation Office (SFIO), which is part of the MCA, Bloomberg reported, citing people familiar with the matter, , BYJU s, audit, ministry of corporate affairs
Raveendran also clarified the resignation of the director and auditor Deloitte to the employees, stating that the decision to appoint BDO as Byju s statutory auditors for the next five years led to Deloitte s departure, , BYJU s, Byju Raveendran
In its financial report for the year ending 31 March, Prosus disclosed that it had slashed the value of its 9.6 per cent stake in Byju s to approximately USD 493 million, , prosus, BYJU s, valuation