Qatar Investment Authority (QIA) moved Karnataka HC to recover $235-million (₹2,000 crore) arbitration award from Byju Raveendran over deal breach. This stems from a 2022 case when QIA's subsidiary extended $150 million to finance Byju's Investments for acquiring 1.7 crore shares in Aakash Institute. The agreement was violated as shares were shifted to a Singapore entity controlled by Raveendran.
short by
Shristi Acharya /
04:35 pm on
26 Aug