Thursday, 22 February, 2024

Byju Raveendran's External Agency Plan for Capital Utilization

Byju Raveendran plans to appoint an external agency to oversee rights issue capital utilization and update shareholders quarterly. This decision aims to enhance transparency and accountability in the company's financial operations. Byju's commitment to proactive disclosure aligns with corporate governance standards, reassuring stakeholders of responsible capital management. The move underscores Byju's dedication to maintaining shareholder trust and utilization of funds raised through the rights.