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Byju’s to go ahead with 200 mn rights issue as NCLT reserved judgement
The Morning Standard
|February 28, 2024
EDTECH firm Byju's can now go ahead with the $200 million rights issue as the National Company Law Tribunal (NCLT) on Tuesday reserved judgment on interim orders in the plea filed by four investors against the company.
According to sources, Byju's rights issue will continue as per plan. The NCLT heard the petition filed by four investors -- Peak XV Partners, General Atlantic, Prosus and Sofina -seeking an urgent order to stay the rights issue. However, the NCLT was not inclined to issue any order on Tuesday and that means the rights issue can proceed as planned and will close on Wednesday, the sources added.
Esta historia es de la edición February 28, 2024 de The Morning Standard.
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