Byju's Investors Vote to Remove Founder as CEO Amid Accountability Concerns
• Group of Byju's investors voted to remove founder Byju Raveendran as CEO at emergency shareholder meeting • Investors filed suit to block Byju's recently launched rights issue to raise $200M • Shareholders controlling over 60% ownership voted to oust Raveendran and reconstitute board • Comes after over a year of investor unrest over accountability and financial management issues • Byju's disputes validity of shareholder resolutions, calling them "invalid and ineffective"