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Rift between Byju’s and investors widen; company says investors have no voting rights on CEO change

IndiaTimes Friday, 2 February 2024
Even as a group of Byju’s major investors are seeking removal of the troubled startup’s founder and group CEO Byju Raveendran from leadership position and reconstitution of the company’s board which now has been pretty much reduced to a family-run entity, Raveendran has given a clear indication that he is not going to step down from the top post.
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Investors have no voting rights on CEO change: Byju's

The company also mentioned that the $200 million rights issue has "already received commitments for more than 100 per cent of the proposed amount".
DNA