Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Byju's founders are enjoying a lavish lifestyle in Dubai while debts worth Rs 2000 crore are accumulating in India, leaving people and vendors uncertain about recovering their money. Legal battles are challenging due to lack of resources. The company is facing issues with pending settlements, GST notices, and investor drama, affecting employees and small vendors. Byju's announces strategic reorganization in management structure to address liquidity crunch, including unpaid salaries, regulatory dues, and vendor payments.
In case you missed today's edition, catch up now: -As Byju's founders enjoy the high life in Dubai, debts are piling up in India to the tune of Rs 2000 crore. -Bournvita, peers lose their ‘health drink’ tag Read at https://t.co/G8HWNV2dsG https://t.co/Ufn694hjXG
📢 #Byju’s shareholders have approved rights issue aimed at tackling the liquidity crunch, including unpaid salaries, regulatory dues and vendor payments. In a statement, the #edtech said that shareholders have approved an increase in authorized share capital by a 55% majority https://t.co/ezm3fAlDWU
BYJU’S shareholders approve the rights issue Company Statement : Receives independent scrutinizer report to proceed with formalities Rights issue aimed at tackling liquidity crunch, including unpaid salaries, regulatory dues and vendor payments. https://t.co/4VZDN4isWE
