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NCLT asks Byju’s to consider extending rights issue
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Mint reported on Tuesday that top investors in Think and Learn Pvt. Ltd, the parent company of Byju’s, who have moved the court to stay the rights issue are likely to skip participating in the edtech firm’s $200-million rights.
Separately, on Wednesday, the court also issued a notice to Byju’s on its lenders' petition to invoke insolvency to repay around $1.2 billion worth of loans that the company had raised first in November 2021. Its lenders have accelerated the repayment of the $1.2 billion loan, which Byju's is contesting.Milestone Alert!
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Finance Minister Sitharaman asks CBIC to settle classification issues economictimes.indiatimes.com /8 months ago
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