The dissenting investors Peak XV Partners, General Atlantic, Chan-Zuckerberg Initiative and Prosus will wait for the next hearing in the case at the National Company Law Tribunal on April 4
Byjus held an extraordinary general meeting (EGM) this morning to increase its authorised share capital. None of the participating investors objected to the proposal.
Byjus and a group of its investors have been given three days by the National Company Law Tribunal to file written submissions on a plea about the edtech firms rights issue. This and more in todays ETtech Morning Dispatch.
The online tutor is involved in at least five legal cases, including one filed by key shareholders and another against investors seeking to remove founder Byju Raveendran as the company’s CEO.