Byju’s promoters have sold stake worth $408.5 mn since 2015-16: Report

Since 2015, the promoters of Byju’s, Byju Raveendran, Divya Gokulnath and Riju Ravindran, have sold shares worth $408.5 million through secondary transactions, The Hindu Businessline (BL) reported on Tuesday, citing data from PrivateCircle Research.

This has taken the promoter shareholding in the edtech firm to 21.2 per cent currently from 71.6 per cent in 2015-16.

Riju Ravindran, brother of Byju Raveendran, has sold the highest number of shares among the three. He has sold 337,911 shares worth $375.83 million since 2015. He is followed by Raveendran’s wife, Divya Gokulnath, who has sold 64,565 shares worth $29.4 million. Raveendran has sold 29,306 shares worth $3.28 million.