- Founder and CEO of Byju’s, Raveendran, announced plans to create a Board Advisory Committee (BAC) during an emergency general meeting with shareholders.
- The BAC will consist of independent directors offering guidance to the CEO on governance and board structure decisions suitable for Byju’s scale.
- Byju’s is currently negotiating with lenders for Term Loan B, expecting a favourable outcome, and denying rumours of Raveendran stepping down.
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