Think and Learn Private Limited (TLPL), the parent company of Byju's, on Monday announced to raise $200 million by way of a rights issue to all its equity shareholders, in its bid to achieve operational sustainability.The proposed rights .
Byju s aims to raise $200 mn via rights issue at drastic valuation cut siasat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siasat.com Daily Mail and Mail on Sunday newspapers.
Two petitions have been filed before the NCLT, one is by US-based creditors and another is by an Indian unit of a French multinational company. Both petitions are yet to be filed
Byju’s, once counted among the world’s most valuable startups, is seeking to raise funds at a discount of more than 90% from its previous round to alleviate its financial problems.