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.
Esta historia es de la edición March 29, 2024 de The New Indian Express.
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