{"id":826648,"date":"2024-06-27T10:15:12","date_gmt":"2024-06-27T04:45:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=826648"},"modified":"2024-06-27T10:15:12","modified_gmt":"2024-06-27T04:45:12","slug":"dutch-technology-companys-annual-report-writes-off-500-million-investment-in-this-indian-company-to-zero","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/27\/dutch-technology-companys-annual-report-writes-off-500-million-investment-in-this-indian-company-to-zero\/","title":{"rendered":"Dutch technology company&#8217;s annual report writes off $500 million investment in this Indian company to Zero"},"content":{"rendered":"<p>Dutch-listed technology investment company Prosus took a major hit on its Byju&#8217;s bet, wiping out the value of its 9.6% stake in the Indian edtech company. This move, announced in their fiscal year 2023-24 report, reflects Byju&#8217;s ongoing financial woes.<br \/>\nProsus cited a &#8220;significant decrease in value for investors&#8221; for writing off the stake, which translates to a $493 million loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dutch-listed technology investment company Prosus took a major hit on its Byju&#8217;s bet, wiping out the value of its 9.6% stake in the Indian edtech company. This move, announced in their fiscal year 2023-24 report, reflects Byju&#8217;s ongoing financial woes. Prosus cited a &#8220;significant decrease in value for investors&#8221; for writing off the stake, which translates to a $493 million loss.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-826648","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/826648","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=826648"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/826648\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=826648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=826648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=826648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}