NCLT refused stay on Byju's EGM for $200M rights issue. Need 50% votes to raise share capital. Cash crunch causing salary delays. Court-approved fund stay.... IndiaTimes Also reported by •Zee News •DNA
Byju Raveendran, CEO of Byju’s, criticized investors for hindering salary disbursement due to the lock on funds raised through the rights issue. Investors... IndiaTimes