Byju’s Unable To Pay Salaries As Rights Issue Funds Locked In Separate A/c Amid Rift With Investors
Byju’s founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully … Read more
