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Byju's Legal Showdown: Investors and Edtech Company Clash in NCLT
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.
Edtech platform Cuemath’s losses up, sales dips over 18%
The startup’s revenue from operations nosedived 18.6 per cent to Rs 120.5 crore in FY23 from Rs 148.1 crore in FY22, according to its financial data filed with the Registrar of Companies (ROC).
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