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Byju Raveendran, founder and CEO of Byju s, said in a letter to shareholders that despite the “animosity shown by some of the investors in pursuing uncalled for legal actions”, the company continues to show ‘good faith towards all the shareholders and would like them to be part of the turnaround story. ....
The meeting saw about 20 investor representatives in attendance, along with Think & Learn management, the parent company of Byju’s. Few questions regarding the postal ballot were asked and resolutions were called out while no objections were raised in the 30-minute meeting. Byju’s EGM on Rights Issue Ends Without Objections, Dissenting Investors Skip Meeting. ....
It maybe noted that on February 23, a host of blue chip investors like Prosus, General Atlantic and Peak XV voted to fire Chief Executive Officer (CEO) Byju Raveendran from edtech company Byju’s. However, the resolution could not be given effect to owing to the Karnataka High Court order. ....