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Byju's gets breather: NCLT allows EGM slated for March 29 amid $200 mn rights issue despite investor objections

By Livemint - 7 months ago
Byju's, the beleaguered edtech giant, is seeing a glimmer of hope in its fight against a cash crunch. The NCLT has allowed the company to proceed with a crucial EGM scheduled for March 29. The EGM aims to increase Byju's authorised share capital, a necessary step for its $200 million rights issue.

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