Byju’s rights issue fully subscribed: CEO Raveendran in note to shareholder
Wed, Feb 21, 2024 10:42 AM

Byju’s rights issue fully subscribed: CEO Raveendran in note to shareholder

A Flip by Avya Verma
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Byju's parent company Think & Learn's $200 million rights issue has been fully subscribed, with founder Byju Raveendran expressing gratitude to shareholders. The funds will help the struggling edtech firm pay off liabilities and regain its former success. Raveendran also promised greater shareholder representation and transparency in the usage of funds.

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