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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Bengaluru-based edtech company seems to have flogged its US assets multiple times over the years, putting a question mark on the ownership of the entities that stood guarantee for its $1.2 billion term loan.
“Who in the world doesn’t know Byju Raveendran?” asks Rajendran Vellapalath, leaning forward in his chair, his voice a mix of admiration and pride. It’s three-quarters past noon on 9 December. After six reschedulings over the last six days, Vellapalath had finally sat down for an interview.
The Dubai-based businessman of Indian origin and his company Voizzit have suddenly become a point of interest in Byju’s bankruptcy proceedings in the US involving Epic, Tangible Play (Osmo) and Neuron Fuel (Tynker). Byju’s parent company, Think & Learn Pvt. Ltd, bought two of the three companies—Epic and Osmo—for a total of $620 …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
