Prosus Slashes Byju’s Investment to Zero Amidst Governance Challenges
Prosus has drastically marked down its investment in Byju’s to zero, resulting in a loss of $493 million, according to the company’s FY24 annual report released on June 24. Despite this significant write-off, Prosus management remains hopeful about Byju’s future, emphasizing the need for governance reforms to safeguard shareholder interests. Byju’s Financial Health Under Scrutiny…
