Byju’s Founder Proposes Share Offer to Mend Relations with Estranged Investors
Byju Raveendran, the founder of Byju’s, is making efforts to address the concerns of the company’s disgruntled investors, including Prosus Ventures, through a proposed offer of renounced shares. These renounced shares are the shares that a group of investors opted not to purchase recently as a form of protest. The aim of this offer is to prevent the dilution of the investors’ holdings amid the validation process of a recent rights issue that significantly reduces Byju’s valuation by 99%. Devamını Oku