Searched Tag: raveendran
March 29, 2024, 01:30 PM - 2 min read
Byju's held the EGM (extra-ordinary general meeting) to increase authorised share capital of the company to complete the process for raising USD 200 million through rights issue.
Read moreMarch 2, 2024, 05:14 PM - 2 min read
In a heartfelt letter addressed to the staff, Raveendran expressed his regret, stating that despite the successful closure of the rights issue initiated a month ago, the company remains incapable of processing employee salaries. "This was supposed to be a happy correspondence. After all, we now have funds to meet our short-term needs and clear our liabilities. However, I regret to inform you that we will still be unable to process your salaries," he conveyed.
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