BYJU
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After 19-months delay, Byju's to finally file FY22 results this week
In a statement to IANS, the company said the audit of all the group subsidiaries has been completed and adopted.
Byju Raveendran out of Hurun India rich list of 2023
The development comes months after investors, including US-based BlackRock and Prosus, drastically reduced the firm's valuation.
Byju's misses deadline to file FY22 financials, will now release in October
In a statement, the company said it will convene a board meeting in the second week of October "for approval and adoption of accounts for FY22". "Think and Learn Pvt Ltd has issued a notice for convening a Board meeting in the second week of October 2023 for approval and adoption of accounts for FY22," a Byju's spokesperson said.
BYJU’S regrets ‘delays’ in settling dues of laid-off employees
In a statement, the company said it "regrets and acknowledges the delays in settling dues of former employees".
BYJU’s looks to sell Great Learning, Epic subsidiaries to raise up to $1 bn
BYJU'S is looking to raise up to $400 million-$500 million from US-based kids’ learning platform Epic it acquired in May 2022 for about $500 million, according to people familiar with the matter.
C, say sources
The Registrar of Companies (ROC) Bengaluru merely conducted a preliminary inquiry under section 206 of the Companies Act, 2013, which empowers the registrar to call for any further information, explanation, or document related to a company.
No FEMA violations found so far after ED searches at BYJU'S
Sources indicated that the recent searches conducted on the premises of BYJU'S in Bengaluru by Enforcement Directorate (ED) and the material collected has yet to establish any FEMA violations. The investigations are still at an early stage and according to sources, BYJU'S had cooperated and provided ED with all the necessary.
MP consumer court asks Byju's, SRK to return fees & pay compensation
The action came on the basis of a complaint filed by an Indore-based woman Priyanka Dikshit. The woman had complained that she was encouraged to take admission to Byju's coaching (course) for preparation of IAS in 2021 and had deposited Rs 1.8 lakh fees, but no coaching facility was provided to her.
Remitted money for overseas acquisitions, cross-border transactions duly vetted: Byju Raveendran
The ED conducted search and seizure operations at three premises of Raveendran and his company Think & Learn Private Limited, under the provisions of the Foreign Exchange Management Act (FEMA). The ED said that BYJU's "remitted Rs 9,754 crore to various foreign jurisdictions in the name of overseas direct.
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