Key Points
Byju's has offered a group of warring shareholders a chance to invest in the companys $200-million rights issue..
Byju's offers warring investors to participate in funding, secures 50% votes on rights issue ..
To avoid a dilution in shareholding, founder and CEO Byju Raveendran has offered estranged investors of the edtech firm a chance to invest in its rights issue at a 99% discount to the companys peak valuation...
Letter to shareholders: In a letter to shareholders before the EGM, Raveendran said the company has secured more than 50% votes through the postal ballot first announced on March 7 to increase the authorised share capital to account for the $200-million rights issue...
IT services major Tata Consultancy Services (TCS) kicked off its recruitment process for IT and business outsourcing roles and announced its national tests exclusively for engineers and others graduating in 2024, amid an overall slowdown in the $250-billion industry...
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