BYJU'S Promoters Sell $408.53 Million Worth of Shares in Secondary Transactions: Analysis
Introduction: BYJU'S, a leading edtech firm, has recently seen a series of secondary transactions involving the sale of shares by its promoters, which amounted to a total of $408.53 million. PrivateCircle Research conducted a comprehensive analysis of these transactions, shedding light on the evolving ownership structure of the company. Let's delve into the details of these secondary deals and their implications for BYJU'S. BYJU'S Promoters' Share Sales: A Closer Look at the Evolving Ownership Structure Promoters' Share Sales: According to the analysis by PrivateCircle Research, the founder and CEO of BYJU'S, Byju Raveendran, individually sold 29,306 shares since 2015, resulting in proceeds of $3.28 million. Divya Gokulnath, co-founder and wife of Raveendran, sold 64,565 shares, generating $29.40 million. Riju Ravindran, Raveendran's brother and a director at BYJU'S, sold 337,911 shares, amounting to $375.83 million. It's important to note that...