NCLT refuses to halt Byju's EGM to increase authorised share capital
The New Indian Express|March 29, 2024
IN a big relief for embattled edtech firm Byju's, the National Company Law Tribunal (NCLT), Bengaluru, on Thursday refused to halt the firm's extraordinary general meeting (EGM) scheduled to take place on March 29 (today).
UMA KANNAN
NCLT refuses to halt Byju's EGM to increase authorised share capital

The EGM is called for approval to increase the company's authorised share capital following its $200 million rights issue.

Its investors including Prosus and Peak XV Partners had approached the NCLT seeking a stay on the EGM. They had filed an oppression and mismanagement suit against Byju Raveendran and the management. These investors sought to declare present management as unfit to run the company.

هذه القصة مأخوذة من طبعة March 29, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 29, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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