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Meet man whose company was once valued at Rs 183000 crore, then took debt to pay employees salaries due to

His net worth has fallen to zero from Rs 17,545 crore, according to the Forbes Billionaire Index 2024.

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Meet duo, lost over Rs 10000 crore in 3 years, got Rs 11000 crore offer from Byju s, sold their company for just Rs…

Founded by two IIT graduates, the company that we are talking about is Doubtnut which has now been acquired by Allen Career Institute.

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Byju s investors oust Byju Raveendran-led management at EGM

A Karnataka High Court order, however, bars enforcing any of the decisions taken during the EGM till the next date of hearing, which is March 13

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Byju s founder, his family won t attend EGM called by investors on February 23

This EGM is procedurally invalid, contractually in contravention of our AOA and SHA, legally on the wrong side of the Companies Act, 2013. If it is still summoned, it will not have the required quorum and cannot proceed, a Byju s spokesperson said

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Byju s rights issue to raise $200 million fully subscribed, founder commits $45 million

The edtech is dealing with the twin crises of a cash crunch and some of its investors seeking to oust the leadership to reconstitute the board.

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