Byju s, the beleaguered edtech giant, is seeing a glimmer of hope in its fight against a cash crunch. The NCLT has allowed the company to proceed with a crucial EGM scheduled for March 29. The EGM aims to increase Byju s authorised share capital, a necessary step for its $200 million rights issue.
PayU Payments strengthens corporate governance with new board members, including Renu Sud Karnad, IUHF president, and Laurent Le Moal. PayU India plans for a public listing after selling global operations to Rapyd.
The plea will be heard by a bench comprising judicial member K. Biswal and technical member Manoj Kumar Dubey. This is the fifth plea filed against Byju's in NCLT and the fourth one filed in 2024.
The National Company Law Tribunal has sought written submissions in three days from Byju’s and its investors, who had sought a stay against the company’s $200-million rights issue
Shareholders who voted against CEO Byju Raveendran hold more than 60 per cent of the company, including Dutch investment firm Prosus, General Atlantic and Peak XV Partners