Byju's disburses partial february salaries, Vows balance from rights issue fund
The Business Guardian|March 11, 2024
Embattled edtech company Byju's, on March 10, said it disbursed a part of the pending salaries for all employees for February and promised to pay the balance once it is allowed to use the funds from the recently closed rights issue.
Byju's disburses partial february salaries, Vows balance from rights issue fund

"We processed part salaries for everyone for February late night on Friday to the extent of capital we could get outside the rights issue. The company will pay the balance once the rights issue funds are available, which we expect shortly," said the company, in a letter to employees.

The company's management added that it expects the salaries to be reflected in employee accounts on March 11, as it was delayed due to a second Saturday and on account of the long weekend.

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