Investors Demand Byju Raveendran's Ouster from Byju's

Byju's and its investors are publicly clashing over leadership changes, with the company stating that investors do not have the right to seek the removal of founder Byju Raveendran. The company is proceeding with a $200 million rights issue and has received support from multiple investors, while blaming investors for causing a crisis and seeking leadership changes. Investors, including Prosus and General Atlantic, are calling for governance and leadership changes, marking the third time they have sought an extraordinary general meeting. Byju's, once valued at $22 billion, has reset its valuation to $25 million in the rights issue, and the company emphasizes the criticality of the rights issue for its survival.