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Sunday, March 3, 2024

Byjus says that it has no money to pay salaries to employees, as investors seek 'missing' $533 million

Indian edtech major Byju's is facing a financial controversy as a US court hearing approaches to determine the whereabouts of $533 million invested in an American hedge fund. Byju's employees have also reported salary delays due to a dispute with investors over funds raised through a recent rights issue.

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