The National Company Law Tribunal (NCLT) has halted Byju’s rights issue, directing the company to maintain the status quo. The move effectively halts the ongoing rights issue, which began on May 11, and seeks details from shareholders. This development is a significant setback for Byju’s, which had planned to raise $200 million through the issue.
This post was last modified on 14 June 2024 11:11 am
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