Byju’s NCLT: NCLT refuses to stay Byju’s EGM over $200 million rights issue
The National Company Law Tribunal (NCLT), Bengaluru, did not grant a stay on Byju’s extraordinary general meeting (EGM) on March 29 to increase the firm’s authorised share capital with regards to the $200 million rights issue. Investors of Byju’s parent Think & Learn, led by Prosus, had moved NCLT seeking a stay on the planned
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