Prosus zeroes out its 9.6% stake in Byju’s
Prosus has written off its 9.6% stake in Indian edtech firm Byju's, reflecting significant investor concerns.
MAIN POINTS
- Prosus is the largest external investor in Byju's.
- The company has written off its 9.6% stake.
- The write-off indicates significant investor concerns.
TAKEAWAYS
- Prosus's decision highlights potential issues within Byju's.
- This move could impact investor confidence in edtech.
- Byju's may face challenges securing future investments.