BYJU’s Promoters Reinvest Funds Raised from Secondary Share Sales

  • Edtech giant BYJU’s announced its promoters, Byju Raveendran, Divya Gokulnath and Riju Ravindran, have reinvested all funds raised through secondary share sales.
  • The trio sold shares worth around $408.53 million with multiple transactions since 2015; these sales were often executed at a discount compared to the company’s primary valuation.
  • Promoters’ stakes in the company have dropped since 2016 but continue to remain the largest investor in the company.
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