Posted in EducationGovernment
Byju’s Rights Issue Got Delayed by NCLT Amid Investors’ Allegations
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Posted in Education
Byju’s Plans to Raise $200 Million Through Right Issue
Three points you will get to know in this article: Byju’s, the leading Edtech company, is in the process of securing $200 million through a rights issue extended to all its equity shareholders. This strategic move coincides with the company’s ambitious goal of initiating a more substantial equity fundraising round. The intended rights issuance by TLPL is designed to bolster…
Posted in Education
BYJU’S Responds to ED Show Cause Notices, Describes Them as Technical
Three points you will get to know in this article: BYJU’S, the prominent edtech decacorn, responded on Wednesday (November 29) to show cause notices from the Enforcement Directorate (ED), describing them as ‘purely technical’ and expressing confidence in effectively addressing the issue. ED Queries and BYJU’S Compliance In an official statement, the company clarified that the ED’s inquiries mainly stem…
Edtech Giant BYJU’S in Negotiations with Private Equity Firms for Aakash Sale
Three points you will get to know in this article: It appears that BYJU’S, the leading edtech company led by Byju Raveendran, is facing significant challenges and is considering the sale of Aakash Educational Services Limited, which is considered its most valuable asset. According to a report by ET, BYJU’S has engaged in discussions with private equity firms like Bain…
Posted in BusinessEducationFinanceTechnology
Byju’s Conducts Strategic Asset Evaluation to Prioritize Core Business and Generate Cash Flow
Three points you will get to know in this article: According to persons familiar with the situation, Byju’s, India’s most valuable startup, is conducting a strategic evaluation of all assets acquired in the last few years in order to sell non-core subsidiaries and refocus its focus back to core, profitable industries. According to the sources referenced above, Byju’s plans to…
Posted in Education
Ed-tech unicorn Byju’s raises another Rs. 80 Crore from General Atlantic and Tencent
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