Business Standard

Sunday, December 22, 2024 | 09:04 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Edtech major Byju's faces long legal battle as CEO digs in heels: Experts

This may also negatively impact the edtech giant's operations and market reputation, according to industry sources and legal experts

Byju's
Premium

Photo: Bloomberg

Peerzada Abrar Bengaluru
The escalating conflict between Byju’s leadership and its investors, who are intensifying efforts to remove Byju Raveendran as chief executive officer (CEO) and drop his family members from the board, may evolve into a protracted and intricate legal battle, according to industry sources and legal experts. They said the ongoing episode may negatively impact the edtech giant’s operations and market reputation.

People close to Raveendran and industry sources said that he has no intention of stepping down as CEO and is prepared to fight the investors “tooth and nail” to ensure that he and his family members retain control of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in