Byju’s investor Prosus explains why its representative quit startup’s board

INSUBCONTINENT EXCLUSIVE:
billion
authorities to safeguard the long-term interests of the company and its stakeholders
firm added
understood to have ordered an inspection of its books
once the top pick for investors who collectively infused over $5 billion into the company
As it attempts to fix its corporate governance practices amid rising stakeholder concerns, the Bengaluru-based startup recently roped in
former State Bank of India Chairman Rajnish Kumar and former Infosys CEO and early investor TV Mohandas Pai to steer its advisory council
Interestingly, the statement by Prosus comes a day after the steering committee of the ad hoc term lenders who collectively own more than
should spell some relief for them