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Karnataka High Court Restricts Byju's Share Allotment Till NCLT Decision On Rights Issue
Mustafa Plumber
6 July 2024 11:30 AM IST
The Karnataka High Court on Friday restrained edutech company Byju's, MD Byju Raveendrana and parent company Think and Learn Private Limited from making allotment of shares till the proceedings against it pending before the National Company Tribunal is decided.Byju's investors had approached the NCLT to restrain the company from launching second rights issue, fearing it will dilute...
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