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Byju's EGM: Byju's offers warring investors to participate in funding, secures 50% votes on rights issue

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. ....

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Byju's shareholders: Read the full text of Byju Raveendran's letter to shareholders on rights issue, board restructuring

Raveendran reiterated in his note that a few vested interests are acting against the company at a time when it is facing a severe cash crunch. “ I refuse to let the self-serving actions of a few individuals cloud my judgment and pollute our relationship,” he said. ....

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Byju's shareholders want to show founder Byju Raveendran the door

Byju's' shareholders acknowledged that they were “deeply concerned” about the future stability of the company under the current leadership. ....

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Byju's: Byju's shareholder group calls for EGM, to vote for ouster of Byju Raveendran, board

While investors of Byju s have been asking Raveendran to step aside from an operating role, this is the first instance of shareholders banding together to issue a statement seeking a change of guard at the company. The current board of Think & Learn comprises Raveendran, his wife and brother Riju Ravindran and Divya Gokulnath, cofounder of Byjus. ....

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byju's break even targets: Byju's targets to reach break-even by March, hive off Epic

Byju s had earlier set the target to become profitable by March 2023. Byju s booked a loss of Rs 4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal. ....

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