BYJU
Byju Raveendran Receives Show Cause Notice from ED Over Alleged FEMA Violation
In a statement released on Tuesday, the ED announced that an investigation was initiated based on multiple complaints regarding foreign investments received by the company and its business practices.
Great Learning, Owned by Byju’s, Reduces Losses in FY23, Records 25% Revenue Growth
Digital content income comprised 48 per cent of the total revenue, witnessing a 6.3 per cent increase to Rs 187 crore in FY23.
Byju's Resolves Dispute with Davidson Kempner as Ranjan Pai of Manipal Acquires Debt
Ranjan Pai will collaborate with Byju’s in steering Aakash Education Services forward.
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.
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