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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Gilt-y pleasure: Active debt MFs see heaviest inflows in over 3 years
Gilt schemes garner â¹5,200 cr in April, most in at least 5 yrs
Gains in ABB may sustain on strong margin outlook
ABB India's March quarter results (Q1CY24) were led by strong margin performance.
ICICI SECURITIES DELISTING - Privacy rules breached: Shareholders tell NCLT
ICICI Securities breached shareholder privacy and administration rules by sharing the details of shareholders with ICICI Bank, minority shareholders told the National Company Law Tribunal (NCLT) on Monday.
Gaining strength
Improving bank balance sheet will support growth
The power gap
Battery storage systems can maximise RE
Priorities for the next govt
It must deliver on policies required for equitable growth R egardless of who wins the election, the new government's primary focus will be implementing what has been promised in its election manifesto.
'Affordable' electric air taxis
Competitively priced electric air taxi rides can significantly change urban living, as well as real estate benchmarks.
India's clandestine love affair with crypto
This book uses a nice mix of anecdotes plus data to look at the dark underbelly of Digital India.
Microsoft to invest â¬4 bn in Al services, Cloud 'CHOOSE FRANCE' SUMMIT: France lands $16 bn in FDI
France won a record â¬15 billion ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while.
US, China to discuss AI risks in Geneva today
Talks aimed at preventing disastrous accidents and unintended war amid an Al arms race