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Byju's CEO Faces Investor Revolt: What Led to the Dramatic Ouster

Byju Raveendran Byju's - CEO ousting - edtech - governance issues - investor activism - Byju Raveendran

Investors in a heated meeting voted to remove Byju's CEO Raveendran and his family, sparking legal battles and controversy. Find out the intriguing details here!

In a shocking turn of events, major investors of Byju's joined forces to oust the edtech firm's CEO, Byju Raveendran, following a chaotic and dramatic hours-long Zoom call. The meeting, filled with tension and disagreement, culminated in a bold move to remove the CEO and his family from their positions. This decision has set off a wave of legal disputes and raised serious governance concerns within the company.

Responding to the NCLT's involvement, Byju's issued a statement dismissing the shareholders' resolutions as invalid, deepening the conflict between the investors and the current management. The battle for control over Byju's has intensified, with allegations of oppression and mismanagement adding fuel to the already contentious situation.

Despite attempts to thwart the ouster, the shareholders persisted in their mission to overhaul the leadership at Byju's, leading to a tumultuous period for the edtech giant. The absence of the founder-director during crucial meetings further fueled the uncertainty surrounding the company's future.

As the power struggle at Byju's continues, the clash between the investors and the management highlights the challenges faced by companies in the rapidly evolving edtech industry. The outcome of this high-stakes battle will not only impact the leadership structure of Byju's but also send ripples through the investment landscape in India's booming edtech sector.

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Image courtesy of "India Today"

Byju's investors vote to remove CEO after 'rowdy' Zoom call. What ... (India Today)

Major investors of Byju's voted for the ouster of the edtech firm's CEO Byju Raveendran following a meeting that lasted for hours. Read to know what happens ...

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Image courtesy of "Livemint"

Byju's call shareholders move to oust CEO Raveendran 'invalid' | Mint (Livemint)

However, a valid quorum requires the presence of at least one founder-director but Byju's CEO Raveendran, along with his wife and brother, were absent from ...

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Image courtesy of "Business Today"

Byju's EGM: Investors vote to sack Byju Raveendran and family ... (Business Today)

Responding to the NCLT move of the investors, the edtech company issued a statement stating that the resolutions taken by shareholders are invalid and ...

byjus egm: Byju's investors vote to oust CEO Raveendran - The ... (The Economic Times)

Investors led by Prosus filed a petition at NCLT alleging oppression and mismanagement by the present management of Byju's. They seek to remove Raveendran ...

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Image courtesy of "The Indian Express"

Byju's shareholders vote to oust founder Raveendran, seek board ... (The Indian Express)

Raveendran and his family stayed away from the EGM. Byju's said only 20 per cent of the investors attended the meeting.

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Image courtesy of "अमर उजाला"

Byju's: बायजू के बोर्ड से 'परिवार' को हटाने के लिए ईजीएम में वोटिंग; रवींद्रन ... (अमर उजाला)

Byju's: बायजू के बोर्ड से 'परिवार' को हटाने के लिए ईजीएम में वोटिंग; रवींद्रन रहे दूर, चार निवेशक NCLT पहुंचे.

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Image courtesy of "NDTV"

Byju's Investors Vote To Oust CEO In Hours-Long Zoom Call ... (NDTV)

Major Byju's shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the ...

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Image courtesy of "BQ Prime Hindi"

Byju's के निवेशक पहुंचे NCLT, दायर किया उत्‍पीड़न का मुकदमा; रवींद्रन को ... (BQ Prime Hindi)

NCLT में दायर की गई याचिका में प्रबंधन को निवेशकों के साथ जानकारी साझा करने का निर्देश देने और फॉरेंसिक ऑडिट की भी मांग की गई है.

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Image courtesy of "The Hindu BusinessLine"

Byju's investors pass resolution to oust CEO Raveendran, kin (The Hindu BusinessLine)

Investors vote to remove Byju's CEO and overhaul leadership amid governance concerns, sparking legal battles and controversy.

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Image courtesy of "ABP News"

Byju Raveendran: कंपनी से हटाए गए फाउंडर बायजू रविंद्रन, शेयरहोल्डर्स ... (ABP News)

Byju Trouble: शेयरहोल्डर्स द्वारा बुलाई गई ईजीएम में यह फैसला लिया गया. इस मीटिंग में बायजू रविंद्रन और उनका परिवार शामिल नहीं हुआ ...

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Image courtesy of "Livemint"

Byju's EGM casts out founders, but company says not yet | Mint (Livemint)

MUMBAI : The emergency meeting called by Byju's investors began with chaos but turned out as expected: with shareholders voting to oust CEO Byju Raveendran and ...

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Image courtesy of "Business Standard Hindi"

Byju's पर NCLT में मुकदमा, प्रमुख निवेशकों ने प्रबंधन पर लगाए प्रताड़ना ... (Business Standard Hindi)

Byju's ने निवेशकों से कुल 5.08 अरब डॉलर रकम जुटाई है। नकदी की किल्लत से जूझ रही कंपनी अब राइट्स इश्यू से 20 करोड़ डॉलर जुटाने की ...

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Image courtesy of "The Hindu"

Majority of Byju's shareholders vote for removing CEO, family ... (The Hindu)

Majority of Byju's shareholders on Friday voted unanimously for removing founder CEO Byju Raveendran and his family from the board over alleged ...

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Image courtesy of "Business Standard Hindi"

EGM में Byju's के निवेशक बोले… रवींद्रन हटें; कंपनी ने फाउंडर के खिलाफ ... (Business Standard Hindi)

Byju's Latest News: 60 फीसदी से अधिक मतदान का अधिकार रखने वालों ने प्रस्ताव के पक्ष में मतदान किया। Byju's के संस्थापकों के पास 23 से 25 ...

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Image courtesy of "Reuters India"

Indian startup Byju's calls shareholder move to oust CEO invalid (Reuters India)

Shareholders in Indian edtech startup Byju's, including tech investors Prosus and Peak XV Partners, voted on Friday to oust its founder and CEO Byju ...

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Image courtesy of "Times of India"

Byju's investors vote to oust Raveendran, recast board (Times of India)

India News: Investors in Think & Learn, the parent company of Byju's, are seeking to remove founder Byju Raveendran as CEO and restructure the board.

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Image courtesy of "Tech in Asia"

Embattled Byju's faces investor uprising and legal challenges (Tech in Asia)

Byju's, the troubled edtech giant, is facing a lawsuit filed by its own backers. Four major investors – Prosus, GA, Sofina, and Peak XV – have filed a ...

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Image courtesy of "NDTV"

"Null And Void": Byju's Contests Shareholders' Move To Oust CEO (NDTV)

Crisis-hit edtech star Byju's has contested Friday's decision of its shareholders to oust its founder as the chief executive officer.

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