Byjus can’t withdraw the rights issue money until the court allows [Video]

The ed-tech startup cannot withdraw the money once the court disposes of the matter.

While hearing the appeal filed by four big investors alleging ‘oppression and mismanagement’ by Byju’s founders and current management, the court did not grant any stay on the fundraising exercise but reserved its order.

The story will be updated with more details. Stay tuned.