Byju Raveendran vs Shareholders: What Has Irked BYJU’S Investors?

Lack Of Opacity

Sources say that the Investors are weary of operational opacity, delayed financial statement sharing, and lack of updates on the Indian government's actions against BYJU'S and founder Raveendran.

Corporate Governance

The group is concerned about the lack of action on corporate governance problems, which also led to the resignation of three key board members in June 2023.

No Say In Financials

Sources added that while presenting its FY22 results, BYJU’S management had disallowed investors from expressing concerns or asking questions, a third party audit was also rejected by Byju

Byju’s Stake

Raveendran, with a 27% stake, has control as investors lack power to suspend the board or influence decisions like rights issues.

Matters Could Get Worse

Shareholders, including Prosus and others, may approach NCLT to protect their interests if issues are not resolved via EGM.

Byju Raveendran Vs Investors: Who Will Emerge Victorious In The Battle Royale At BYJU’S?