{"id":822088,"date":"2024-06-14T09:36:18","date_gmt":"2024-06-14T04:06:18","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=822088"},"modified":"2024-06-14T09:57:43","modified_gmt":"2024-06-14T04:27:43","slug":"nclt-directs-edtech-major-byjus-to-keep-status-quo-on-shareholding","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/14\/nclt-directs-edtech-major-byjus-to-keep-status-quo-on-shareholding\/","title":{"rendered":"NCLT directs edtech major Byju&#8217;s to keep status quo on shareholding"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) Bengaluru on Wednesday told edtech firm Byju&#8217;s to maintain the status quo with regard to existing shareholders and their shareholding. <\/p>\n<p>&#8220;Status quo with regard to existing shareholders and their shareholding shall be maintained till the disposal of the main petition,&#8221; the order that was made available on June 13 said. <\/p>\n<p>This means that Byju&#8217;s is restricted from issuing shares and using funds raised from a $200 million rights issue until the tribunal decides the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) Bengaluru on Wednesday told edtech firm Byju&#8217;s to maintain the status quo with regard to existing shareholders and their shareholding. &#8220;Status quo with regard to existing shareholders and their shareholding shall be maintained till the disposal of the main petition,&#8221; the order that was made available on June 13 said. This means that Byju&#8217;s is restricted from issuing shares and using funds raised from a $200 million rights issue until the tribunal decides the matter.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-822088","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/822088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=822088"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/822088\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=822088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=822088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=822088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}