BYJU

The investors contended that Byju's board of directors should have convened an Extraordinary General Meeting (EGM) of shareholders prior to initiating the rights issue, providing them with an opportunity to vote on the matter. They argued that the board's failure to do so implied a lack of confidence in garnering shareholder support.

This positive momentum marks a substantial improvement for the company, which reported a profit of Rs 43.6 crore in the previous fiscal year, as per Entrackr's report.

EBITDA loss represents a loss in earnings before interest, taxes, depreciation, and amortization.

The incumbent CFO, Ajay Goel, is returning to Vedanta Ltd, which he had quit in April. 

According to sources, the companies are finally set to reach a deal after months of dispute.

Mohan succeeds Mrinal Mohit, founding partner and the outgoing head of India business at Byju's, who is embarking on a new journey to pursue personal aspirations.

According to Moneycontrol, citing sources, Tripathi, who has been on maternity leave since May, has decided to leave, but BYJU's hasn't accepted her resignation formally and is still attempting to persuade her to stay.