Today's extraordinary general meeting called by investors is likely to consider the ouster of Byju Raveendran, the founder of Byju's, and his family members, from the board of Think and Learn on account of financial crisis in the company.
The investors in Byju’s had sought an injunction against the sale of shares of Aakash Educational Service by citing a default in payment of a loan of over Rs 11,000 crore obtained from US lenders.
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Edtech firm Byju's said on Monday that it has completed payment that was due for the acquisition of Aakash Educational Service and received majority of $800 million fund which it announced in March.