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BYJU'S delays salaries for March amid rights issue battle with investors

Inshorts · 11m

BYJU'S has informed its employees of a temporary delay in the disbursement of salaries and blamed the situation on an interim order obtained by "a few misguided foreign investors". BYJU'S said it's working on a parallel line of credit to ensure salaries are paid by April 8. It had earlier held back February salaries until mid-March.