New Delhi, April 1: Embattled edtech company Byju슬롯사이트™s has once again delayed salaries for thousands of its employees for the second successive month, saying that a few 슬롯사이트œmisguided foreign investors슬롯사이트 obtained an interim order in late February which restricted usage of the funds raised through the rights issue.
In an email to the employees on Monday, which has been accessed by IANS, the company슬롯사이트™s management said, 슬롯사이트œWe regret to inform you that there will again be a delay in the disbursement of salaries." 슬롯사이트œWe have full faith in the Indian judicial system and we eagerly await a favourable outcome that will enable us to utilise the funds raised through the rights issue and alleviate the financial challenges that we are currently facing,슬롯사이트 the company said.슬롯 머신 사이트 추천Nithin Kamath on Work From Home: Zerodha CEO Explains Why WFH Did Not Work Well for All Employees.
The edtech company has mandated all its employees to work from home as it gives up office spaces across the country amid a severe cash crunch, barring those working at its offline tuition centres. Last Friday, Byju슬롯사이트™s held its extraordinary general meeting (EGM) called by the board of directors to raise capital via the rights issue. Some key investors have gone to the National Company Law Tribunal (NCLT) against the rights issue.
The letter to the staff further said that regardless of the court verdict, 슬롯사이트œwe are following a parallel line of credit to ensure that you receive your salary by 8th of April슬롯사이트. 슬롯사이트œOn a positive note, we have the necessary vote to increase the authorised capital for the rights issue. It means that once the restrictions on using the raised funds are lifted, we can meet all our salary commitments immediately,슬롯사이트 it said.슬롯 머신 사이트 추천Apple Ecosystem Employed Over 1.5 Lakh People Directly Since Approval of PLI Scheme in 2021, Says MoS IT Rajeev Chandrasekhar.
The company슬롯사이트™s Co-founder and CEO, Byju Raveendran, has appealed to the "disgruntled investors in a collaborative spirit". 슬롯사이트œWe are hoping that litigating investors would have a reasonable spirit in not frustrating our daily lives any longer. We understand the feelings of helplessness that may arise due to these circumstances, and we share your frustration,슬롯사이트 the company told its employees.
(The above story first appeared on LatestLY on Apr 01, 2024 08:26 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).