Qatar Investment Authority moves Karnataka HC to enforce $235 million award against Byju Raveendran

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Qatar Investment Authority (QIA) has moved the Karnataka High Court seeking enforcement of a $235 million arbitral award against edtech firm Byju’s founder Byju Raveendran and his investment firm, Byju’s Investments Pte Ltd (BIPL).

The claim also has an interest component of 4% per annum, compounded daily, from February 28 last year until the payment is made. The accrued interest on the $235 million arbitral award now amounts to $14 million, as per a petition filed by Qatar Holding, a subsidiary of the sovereign wealth fund of Qatar, on August…



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Qatar Investment Authority moves Karnataka HC to enforce $235 million award against Byju Raveendran



Qatar Investment Authority (QIA) has moved the Karnataka High Court seeking enforcement of a $235 million arbitral award against edtech firm Byju’s founder Byju Raveendran and his investment firm, Byju’s Investments Pte Ltd (BIPL).

The claim also has an interest component of 4% per annum, compounded daily, from February 28 last year until the payment is made. The accrued interest on the $235 million arbitral award now amounts to $14 million, as per a petition filed by Qatar Holding, a subsidiary of the sovereign wealth fund of Qatar, on August…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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