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Byju s parent Think & Learn has taken investors, who sought to oust founder Byju Raveendran and his family from board, to court. Sources said that the Karnataka high court has passed an interim order that any resolution on Friday EGM to be invalid till Think & Learn petition against the investor is heard. ....
This comes ahead of an extraordinary general meeting later this week that a few of Byju s largest investors have called, on February 23, in a bid to oust the company s leadership and reconstitute its Board. ....
Investors at Byju s are calling for an extraordinary general meeting to oust founder CEO Byju Raveendran and his family members over alleged mismanagement and failures. The shareholders listed financial mismanagement, erosion of value, and concealment of material information as reasons for seeking ouster. ....