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Troubles mount for Byju's: NCLT issues notice on Oppo's insolvency plea

OPPO Mobiles filed a petition on May 1 in the Bengaluru bench of the National Company Law Tribunal (NCLT), seeking initiation of insolvency proceedings against troubled edtech major Byju’s. OPPO is the latest in the growing list of entities, who dragged Byju’s to the NCLT ....

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Bjyu's asked not to sell 6% stake in its subsidiary Aakash over breach of loan terms

In April 2021, Byju’s acquired Aakash in a deal that had a 70 per cent cash component and 30 per cent equity component. The merger was planned as a part of the cash-and-stock deal, when Byju’s had acquired the brick-and-mortar test prep company for $940 million. ....

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Byju's breached terms of loan worth $42 million; stake sale blocked: Report

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. ....

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Byju's delays staff salaries for second month amid row with investors over rights issue

The company had held back February salaries mid-March. It later paid a part of the dues. Byju's and its investors are involved in a dispute over the company's $200 million rights issue. ....

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With dissenting investors staying away, Byju's EGM clears path to rights issue

A few hours before the EGM, Byju's had reached out to the dissenting investors, urging them to join the rights issue in the next 72 hours. ....

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