'Head bloody but unbowed': What Byju's founder said to shareholders
Mon, Jan 29, 2024 4:57 PM

'Head bloody but unbowed': What Byju's founder said to shareholders

A Flip by Shubhangi Gupta
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In a letter to shareholders, Byju's founder and CEO reassured that the company was on track despite challenges. They are launching a rights issue to raise money for business operations and sustainability. The board believes this is necessary to prevent further value impairment and will offer existing shareholders the opportunity to participate.

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