Section

NCLT refuses to stay Byju's EGM to increase its authorised share capital

By Livemint - 8 months ago
If Byju's obtains a majority vote for its proposal to increase the authorised share capital, it 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 billion achieved in 2022.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.