Byju’s founder being kicked out by his own investors.
Anonymous 4
Stealth • 8m
You should read about what is a rights issue. What impact it has on the investors and whether that is the right move from the founder.
The investors are just retailiating to what the founder himself has done.
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Because of Iran And Israel issue I expected the market to be hwavy impacted. But it sustained somehow. Though Banknifty has gone by 500 points still it seems Indian retail investors are very much optimistic about the market.
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The National Company Law Tribunal (NCLT) has instructed Byju's to pay salaries regardless of the edtech company's access to the funds raised through its rights issue and warned of an audit if employees are not paid.
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