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BYJU'S investors issue EGM notice to remove founders Byju & Divya
short by Hiral Goyal / on Thursday, 1 February, 2024
Several BYJU'S investors have called for an extraordinary general meeting seeking a reconstitution of the company's board, such that it is "no longer controlled" by the founders - Byju Raveendran and Divya Gokulnath. The development comes days after BYJU'S launched a $200 million rights issue at a 99% discount in valuation. These investors include Prosus, General Atlantic, and Peak XV.
read more at Moneycontrol