Byju's Faces Legal Hurdle Over Second Rights Issue in India

Thursday, 13 June 2024, 12:07
The Indian court has intervened to halt Byju's second rights issue due to concerns related to alleged oppression and mismanagement. Shareholders have raised claims that have led to legal action against the prominent education technology company. This move could impact Byju's fundraising plans and future operations. The legal battle signifies the challenges faced by Byju's amidst its growth trajectory.
TechCrunch
Byju's Faces Legal Hurdle Over Second Rights Issue in India

Indian Court Intervenes

The Indian court has halted Byju's second rights issue following claims of oppression and mismanagement.

Shareholder Allegations

Byju's facing legal action due to concerns raised by shareholders regarding the company's operations.

Impact on Fundraising

The legal battle could have implications for Byju's fundraising activities and future growth strategies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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