{"id":825954,"date":"2024-06-25T11:07:50","date_gmt":"2024-06-25T05:37:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=825954"},"modified":"2024-06-25T11:25:27","modified_gmt":"2024-06-25T05:55:27","slug":"prosus-writes-off-493-mn-investment-in-byjus","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/25\/prosus-writes-off-493-mn-investment-in-byjus\/","title":{"rendered":"Prosus writes off $493 mn investment in Byju\u2019s"},"content":{"rendered":"<p>Netherlands-based tech investor Prosus on Monday said it has written off its 9.6 per cent stake in troubled edtech firm Byju\u2019s involving a fair value loss of $493 million (Rs 4,115 crore).<\/p>\n<p>\u201cIn the current financial year, the group wrote off the fair value of its 9.6 per cent effective interest in Byju\u2019s due to the decrease in value for equity investors. A fair value loss of $493 million was recognised in other comprehensive income in the current year,\u201d Prosus said in a statement on Byju\u2019s impairment issued on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netherlands-based tech investor Prosus on Monday said it has written off its 9.6 per cent stake in troubled edtech firm Byju\u2019s involving a fair value loss of $493 million (Rs 4,115 crore). \u201cIn the current financial year, the group wrote off the fair value of its 9.6 per cent effective interest in Byju\u2019s due to the decrease in value for equity investors. A fair value loss of $493 million was recognised in other comprehensive income in the current year,\u201d Prosus said in a statement on Byju\u2019s impairment issued on Monday.<\/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":[4],"tags":[],"class_list":["post-825954","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/825954","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=825954"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/825954\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=825954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=825954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=825954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}