Key Points
Major investors of Byju's voted for the ouster of the edtech firm's CEO Byju Raveendran following a meeting that lasted for hours..
Major investors of embattled edtech firm Byjus voted to oust founder Byju Raveendran as the chief executive officer (CEO) on Friday after a Zoom call that lasted for hours...
The proceedings of the Extraordinary General Meeting (EGM), called by major investors of Byjus, faced delays as several employees of the edtech firm tried to disrupt proceedings, reported Bloomberg news quoting two people who attended...
Byjus has rejected the resolutions passed by investors during the EGM, including the decision to remove Raveendran from the board of the company...
While major investors have voted for the removal of Byju Raveendran as CEO of the company, it will remain on hold until March 13 as Byju Raveendran had filed a petition against the decision of investors to call for the EGM...
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