Byju’s delays salary as funds remain stuck

New Delhi, April 1 Embattled edtech company Byju’s has once again delayed salaries for thousands of its employees for the second successive month, saying that a few “misguided foreign investors” obtained an interim order in late February which restricted the...

IANS

Updated At : 02:15 PM Apr 02, 2024 IST

New Delhi, April 1

Embattled edtech company Byju’s has once again delayed salaries for thousands of its employees for the second successive month, saying that a few “misguided foreign investors” obtained an interim order in late February which restricted the use of funds raised through the rights issue.

In an email to the employees on Monday, the company said, “We regret to inform you that there will again be a delay in the disbursement of salaries.”

“We 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,” it said.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles