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.
Bu hikaye Business Standard dergisinin March 29, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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