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Byju's woos dissenting investors after winning vote to boost share capital

By Livemint - 7 months ago
Securing a majority vote to increase authorized share capital means Byju's can issue fresh shares to new investors, helping it to raise $200 million through a rights issue at a 99% cut from its peak valuation of $22 bn achieved in 2022, which has been a subject of intense scrutiny and legal battles.

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