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
The EGM scheduled for March 29 will include a vote on increasing Byju s authorised share capital which will give effect to the rights issue floated by the company to raise funds to tide over its massive liquidity crisis
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Byju s, India s edtech giant, faces a pivotal court hearing on March 13 that could upend its leadership. The Karnataka High Court will rule on the validity of an investor meeting seeking to remove founder Byju Raveendran and revamp the board amid allegations of mismanagement