The cash-strapped ed-tech firm is raising $200 million by way of a rights issue to all its equity shareholders. The aim is to support ongoing efforts to drive growth and achieve operational sustainability.
Investors of Byju's parent Think & Learn, led by Prosus, had moved NCLT, seeking a stay on Friday's EGM and to block the rights issue.
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Esta historia es de la edición March 29, 2024 de Business Standard.
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India yet to pull the plug on its Covid vaccination drive
Experts feel paid vaccine shots should continue to be available for elderly and comorbid
APEX CAPEX
How is govt capital expenditure driving India's growth? Will RBI's suggested provisioning affect it?
What ails public sector banks?
Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation- ruining actions
Eyes on Earth: Data helps farming and industry
Tremendous strides are being made in Earth observation (EO) and agriculture technology (agritech) as the world braces for the impact of climate change.
Stuck in neutral? TaMo's upsides may sputter on demand worries
STILL REVS UP FOR ROAD AHEAD: Automaker optimistic despite current roadblocks, banking on economic growth and government support to accelerate progress
New economy, old habits
The world is fast-tracking the transition to a green economy.
Lost a shock absorber
Exchange-rate flexibility is a shock absorber.
China credit shrinks for first time
Credit contracts as government bonds record net repayment
US aims to stay ahead of China in using AI to fly fighter jets
Two Air Force fighter jets recently squared off in a dogfight in California.
India may export 18 mt of rice in 2024-25: USDA
India will remain a leading player in the world rice market despite restrictions, according to a recent projection by the United States Department of Agriculture (USDA).
