Tag: shareholders
Byju’s invites shareholders to invest in rights issue – Times of India
Byju’s $200M rights issue aims to prevent dilution with shareholder involvement. Valuation dropped 99%, some major investors not participating. Raveendran investing $45M, facing cash crunch delaying salaries. Source link
Norges Bank of Norway supports ICICI Securities delisting – Times of India
NEW DELHI: Amid Quantum Mutual Fund voting against the proposed delisting of ICICI Securities, the largest public shareholder Norges Fund Investment Bank has voted in favour of the proposal of the stock broking arm of ICICI Bank. The foreign fund, which holds nearly 3.25 per cent stake in ICICI Securities, voted in favour on Thursday,…
Warren Buffett writes letter to shareholders; credits partner Charlie Munger as ‘architect’ of business – Times of India
NEW DELHI: In an annual letter addressed to his shareholders, Warren Buffett acknowledged the contributions of his late business partner Charlie Munger in building the business, calling him the “architect” of Berkshire Hathaway.Warning his shareholders against Wall Street experts, Buffet said not to pay heed to those financial advisers who suggest them to trade often.Buffett…
Byju Raveendran calls EGM a farce, challenges resolutions | India Business News – Times of India
MUMBAI: A day after a majority of Byju’s investors voted to remove founder Byju Raveendran as CEO and restructure the board that includes his wife Divya Gokulnath and brother Riju Ravindran, the founder wrote a letter to employees stating that the extraordinary general meeting (EGM) was a “farce” and only 35 of 170 shareholders, representing…
