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BYJU S US unit Alpha files for bankruptcy amid growing challenges: Report

BYJU S US unit Alpha files for bankruptcy amid growing challenges: Report
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Byju s delays January salaries for employees amid liquidity crunch

The development follows a communication Byju’s sent to its employees in December, assuring that the salaries will be credited the first day of every month

United statesByju raveendranRanjan paiArjun mohanRajnish kumarMohandas paiGreat learningByju s

Byju s investors issue EGM notice for founders ouster, say deeply concerned about stability of company

Byju s recently launched a rights issue to raise $200 million from existing investors at $225 million valuation

Divya gokulnathRajnish kumarArjun mohanNitin golaniRiju ravindranRanjan paiWilliam ernest henleyByju raveendranMinistry of corporate affairsLearn private limitedCompanies actApp imageCorporate affairsMohandas paiGreat learningByju s

Byju s launches rights issue to raise $200 million from existing investors at $225 million valuation

Rights issues are typically valued much lower than the fair market valuation of a company to attract existing investors to double down on their bet

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Rights issue caps Byju s wild ride from top startup to throwaway valuation

Investors have 30 days to decide if they want to participate. The steep discount means those who do not participate will face massive erosion of their shareholding.

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