India Business News: Major Byju’s shareholders vote to oust CEO from the troubled ed-tech startup. Find out more about the escalating battle and the fate of the online tutoring startup.
Prosus, one of the six investors in Byju's who had called the extraordinary general meeting, says shareholders unanimously passed all resolutions put forward for vote, Byju's Shareholders Vote to Remove CEO, Family; Company Calls Vote Invalid
India News: Investors in Think & Learn, the parent company of Byju's, are seeking to remove founder Byju Raveendran as CEO and restructure the board. This comes a
The Indian Directorate of Enforcement (ED) has urged the Bureau of Immigration (BOI) to issue a look-out circular (LOC) against Byju Raveendran, the founder and CEO of the embattled edtech giant Byju's, as reported by the Economic Times.
The ED's request for a new LOC, which prevents an individual from leaving the country, comes as part of an ongoing investigation into alleged Foreign Exchange Management Act (FEMA) violations by Byju's.
The shareholders have called for the EGM to discuss change in the company’s leadership. They reportedly want to oust the present leadership including Raveendran and reconstitute the board.