#BYJU's disqualifies lender Redwood for “predatory” tactics; elects to stop servicing $1.2 bn #loan till suit ends

#BYJU's disqualifies lender Redwood for “predatory” tactics; elects to stop servicing $1.2 bn #loan till suit ends

#Byju's auditor Deloitte Haskins & Sells #resigns citing delays

#Byju's spokesperson says media reports suggesting that MCA has ordered an inspection into BYJU'S are speculative, and denied by us. We have not received any such correspondence from MCA regarding this, and are not aware of any such inspection.

#Byju's asks #investors who quit board to #reconsider, as per #sources

#BYJU’s, lenders to rework #repayment terms for $1.2 Bn loan; #edtech giant vacates #Bengaluru premises to cut costs

#BYJU’S regularly disregarded advice despite repeated efforts, says global investor #Prosus, which this year slashed its valuation of BYJU’S to $5.1 billion from $22 billion last year

https://t.co/d2VJy8UCTc

#BYJU’S’ investor Peak XV plans investment markdown over lack of visibility in financial results

#BlackRock slashes #Byju's #valuation by 95% to $1 billion

#BYJU's founder claims board considering renounced shares offer to existing shareholders amid rights issue dispute

Layoffs At #Byju's | Byju's to lay off 500 employees as part of a business restructuring exercise. #Layoffs started two weeks ago, as part of business restructuring announced earlier.

#Byju's-owned #Aakash Edcational Services appoints Former Pearson India Head Deepak Mehrotra as CEO

#BYJU'S India CEO #ArjunMohan resigns, to now transition to an external advisory role

#ByjuRaveendran to take a more hands-on approach in spearheading daily operations of co

#BYJU's links sales staff salaries to weekly revenues they generate for a limited period, the new policy on pay applicable to Inside Sales and BYJU’s Exam Prep teams

@BYJUS tells staff that 50% of the upfront weekly collection will be disbursed to sales associates every week

#Byju's paid April salaries in full today amidst the liquidity crisis, April salaries paid to employees via debt raised, & some revenue generation

February & March salaries yet to be paid in full to all employees

A majority of edtech company #Byju’s lenders have filed petitions in the US to initiate involuntary Chapter 11 bankruptcy proceedings against three US-based guarantors for a $1.2-billion term loan

France-based Teleperformance Business Services withdraws bankruptcy plea against #Byju's parent Think & Learn at NCLT Bengaluru