Byju's crisis: An arbitrator, appointed under Singapore International Arbitration Centre rules, has ordered Byju’s not to dispose of 4 million shares of Aakash, which amounted to a 6 per cent stake as per the loan agreement.
Byju’s investors called an extraordinary general meeting (EGM) after the startup announced a plan to raise Rs 1662 crore after losing Rs 180806 crore valuation by way of a rights issue to all its equity shareholders.