Byju's Gets Breather: Nclt Allows Egm Slated For March 29 Amid $200 Mn Rights Issue Despite Investor Objections : 298

Byju's, the beleaguered edtech giant, is seeing a glimmer of hope in its fight against a cash crunch. The NCLT has allowed the company to proceed with a crucial EGM scheduled for March 29. The EGM aims to increase Byju's authorised share capital, a necessary step for its $200 million rights issue.