The meeting saw about 20 investor representatives in attendance, along with Think & Learn management, the parent company of Byju’s. Few questions regarding the postal ballot were asked and resolutions were called out while no objections were raised in the 30-minute meeting. Byju’s EGM on Rights Issue Ends Without Objections, Dissenting Investors Skip Meeting.
Embattled edtech company Byju’s on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for the month of February. Byju’s Manages To Pay Some Portion of Salaries for 20,000 Employees.
Founder CEO Raveendran Byju, his wife and brother - the only three members on company board as of now - stayed away from the extraordinary general meeting (EGM) called by a group of six investors, who collectively hold more than 32 per cent in Think & Learn (T&L), the firm that operates online tution platform Byju’s.
Sources told IANS on Thursday that the majority of investors are set to vote in favour of Raveendran’s removal from the company which is facing regulatory hurdles amid cash crunch. Byju's Crisis: Key Investors To Go Ahead With Extraordinary General Meeting for Vote To Oust Byju Raveendran As Company's CEO Amid Court Order.
US safety regulators have upgraded their probe into Tesla vehicles over power steering loss to an engineering analysis - a required step before the agency could demand a potential recall.