– Qatar Investment Authority (QIA) has approached the Karnataka High Court to block the selling, pledging, or transferring assets by Byju’s founder Byju Raveendran
– QIA also requested the court to force Raveendran to disclose his personal assets
– QIA sought to claim Raveendran’s personal assets up to $235.19 million
– Byju’s is dealing with insolvency resolution process at the National Company Law Tribunal after a plea filed by the Indian cricket board
– Byju’s is also in a legal battle against overseas lenders to settle a $1.2 billion loan raised in November 2021
– Raveendran’s net worth has gone down to zero according to Forbes Billionaire Index 2024
– Byju’s valuation nosedived by 99% to $225 million following a $200 million rights issue
– Investment firm Prosus wrote off the value of its 9.6% stake in Byju’s
– Byju Raveendran had invested $400 million in total in Byju’s with his stakes in the company increasing to more than 25%