Byju’s: Raveendran offers to appoint 2 directors

CHENNAI: Amid efforts to replace Bjyu’s, chief executive Byju Raveendran has offered to appoint two independent directors to the company’s Board and third-party monitoring to improve transparency.

In a letter to the shareholders, he said the company’s $200 million rights issue has been fully subscribed and will help the company take care of liabilities and provide growth capital.