egm

In the extraordinary general meeting (EGM) of Byju's parent company Think & Learn, key investors voted to remove founder Byju Raveendran as the chief executive and also restructured the board, which includes his wife and cofounder Divya Gokulnath, and brother Riju Ravindran.What is shareholder resolution?Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM LucknowIIML Executive Programme in FinTech,…

A day after troubled edtech giant Byju's extraordinary general meeting (EGM), founder and CEO Byju Raveendran wrote to employees, informing them that he "remains the chief executive of the firm and there are no changes at the company."On Friday, a group of investors unanimously voted to oust Raveendran as the CEO of Byju's and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD…

A majority of investors in Byju’s parent Think & Learn (T&L) unanimously voted to remove founder Byju Raveendran as CEO and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran. All the resolutions that came up for vote at the online extraordinary general meeting (EGM) on Friday were passed, according to Prosus, one of the investors. It holds just 9.1% in the troubled edtech firm, having invested more than $500 million over the years. Elevate Your Tech Prowess with…

Investors in edtech firm Byju’s parent Think & Learn who called for Friday's extraordinary general meeting (EGM) were allegedly disrupted by employees of the embattled startup when the virtual call commenced around 9 am. The meeting finally began an hour late, as per attendees on the call who spoke to ET on the condition of anonymity. “Random users got in on the call and were writing messages such as ‘we need Byju’, ‘dear investors we need Byju sir’ and ‘he is the soul of the company,’” one of the attendees told…

Investors in edtech firm Byju’s parent Think & Learn Pvt. Ltd who have called today’s extraordinary general meeting (EGM) have raised concerns over the management's failure to enforce the company’s rights related to the acquisition of Aakash Educational Services Ltd (AESL), besides agreeing to “onerous” and “prejudicial” loan terms with Davidson Kempner (DK), among other matters.They have demanded the ouster of founder Byju Raveendran and his family from leadership roles in the edtech firm, accused the company of…

Seeking to oust Byju's founder and his family from the edtech firm’s board, a group of investors will hold an extraordinary general meeting today. However, founder Byju Raveendran and his family said they will not attend the meeting. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ RBI’s plans to revolutionise credit system■ Space industry cheers revised FDI rules■ Uber signs MoU with ONDC Face-off likely at EGM over plan to oust Byju’s CEO Dubbing the EGM scheduled by Byju’s investors today…

Byju’s on Thursday said its founder Byju Raveendran, his wife and cofounder Divya Gokulnath, and his brother Riju Ravindran will not attend the extraordinary general meeting (EGM) called by a group of investors seeking removal of Raveendran as CEO and change of board.The three are the only board members at Think & Learn – parent of Byju’s.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of…

Think & Learn Pvt Ltd, the parent of Byju's, said on Wednesday that the Karnataka High Court passed an interim order directing that any resolutions passed at Friday’s proposed extraordinary general meeting (EGM) would be contingent upon its final decision on a petition filed by the edtech firm.Byju's petitioned the court challenging the EGM called by a group of investors, who are seeking the removal of Byju Raveendran as its chief executive. The company claimed that by calling for an EGM, the investors violated the…

Amidst financial turbulence at Byju's, a group of key investors at the edtech have called for an extraordinary general meeting on Friday to oust its founder CEO Byju Raveendran and his family members over "mismanagement and failures" at what was once India's hottest tech startups, sources said. The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's. Raveendran and family own about 26 per cent in the company. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Debt-ridden telecom operator Vodafone Idea will seek shareholders' nod to raise Rs 436 crore from its promoter group Vodafone in an extraordinary general meeting to be held on July 15, the company said in a regulatory filing. Vodafone Idea (VIL) promoters - Vodafone Group and Aditya Birla Group-jointly hold a 74.99 per cent stake in the company. "...the consent of the members of the company be and is hereby accorded to offer, issue and allot from time to time in one or more tranches either up to 42,76,56,421 equity shares…