By: Pratik gupta
BYJU’S faces second month of salary delays, now set for April 8, attributed to investor constraints.
Foreign investors secure order restricting fund usage from rights issue, leading to salary suspension.
February's salary delay linked to $200 million rights issue constraints, investors like Prosus and General Atlantic seek NCLT intervention.
BYJU’S seeks credit line to meet salary commitments by April 8, plans to boost authorized capital for rights issue.
BYJU’S seeks credit line to meet salary commitments by April 8, plans to boost authorized capital for rights issue.
March 29 EGM aims to increase authorized capital, despite investor petition to halt, Tribunal declines.