Byju’s, the edtech giant, is undergoing changes in its capital structure with a rights issue, and the valuation post this move is expected to increase.
The rights issue involves offering existing shareholders the opportunity to buy additional shares at a discounted price.
Despite the value cut associated with the rights issue, the subsequent increase in the company’s capital could lead to a rise in its overall valuation.
This strategic move aims to attract more funding and strengthen Byju’s position in the competitive edtech market.