BYJU’S offers compromise to warring investors in rights issue

Amid the ongoing hostilities between BYJU’S and its key investors, founder Byju Raveendran has told its shareholders that the embattled edtech giant’s board is considering an offer for its disgruntled investors to participate in its rights issue. BYJU'S move to raise $200 Mn via the rights issue at a 99% valuation cut has been opposed by some of its investors.