NCLT halts Byju’s second rights issue for raising funds

The NCLT directed Byju's to maintain status quo on shareholding of the company and to refrain from utilising the amounts collected so far on the second rights issue till the disposal of mismanagement petition.
 NCLT Bengaluru
NCLT Bengaluru

The Bengaluru bench of the National Company Law Tribunal on June 12 passed an interim order restraining ed-tech firm Byju’s from going ahead with its second rights issue.

Loading content, please wait...
Bar and Bench - Indian Legal news