NCLT refuses to stay Byju's EGM to raise capital via rights issue
Business Standard|March 29, 2024
The National Company Law Tribunal (NCLT), Bengaluru, on Thursday, refused to stay Byju's extraordinary general meeting (EGM) scheduled for Friday (March 29) to increase authorised share capital.
- PEERZADA ABRAR
NCLT refuses to stay Byju's EGM to raise capital via rights issue

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.

この蚘事は Business Standard の March 29, 2024 版に掲茉されおいたす。

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この蚘事は Business Standard の March 29, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、8,500 以䞊の雑誌や新聞にアクセスしおください。

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