BREAKING: Byju's Investors Want Raveendran & Family Members to Resign | Files for Bankruptcy in US
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Byju's is making headlines once more as investors raise apprehensions about founder Byju Raveendran's role in the company's daily operations. Investors including Peak XV, Chan Zuckerberg, Prosus, General Atlantic have issued notice to Think & Learn, Byju's parent company, calling for an extraordinary general meeting (EGM) to discuss restructuring the firm's board and a potential change in leadership.
In parallel, Byju's US unit has filed for Chapter 11 bankruptcy in Delaware over its inability to repay over one billion dollars in debt.
Byju's is making headlines once more as investors raise apprehensions about founder Byju Raveendran's role in the company's daily operations. Investors including Peak XV, Chan Zuckerberg, Prosus, General Atlantic have issued notice to Think & Learn, Byju's parent company, calling for an extraordinary general meeting (EGM) to discuss restructuring the firm's board and a potential change in leadership.
In parallel, Byju's US unit has filed for Chapter 11 bankruptcy in Delaware over its inability to repay over one billion dollars in debt.
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