Cash-strapped Indian edtech firm BYJU’S to raise $200m through rights issue

Cash-strapped Indian edtech firm BYJU’S to raise $200m through rights issue

FILE PHOTO: People walk past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

Think & Learn Private Limited (TLPL), the parent company of embattled Indian edtech firm BYJU’S, on Monday announced plans to raise $200 million via a rights issue to all its equity shareholders. 

Edited by: Joymitra Rai