A group of four investors had moved the NCLT against Byju's $200-million rights issue at a 99% discount to the firm's peak valuation of $22 billion. On 27 February, the NCLT directed Byju's to keep the proceeds from the rights issue in a separate escrow account.
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.