Promoters re-invested entire amount raised via secondary share sale: BYJU’s

Edtech major BYJU’S on Tuesday said its promoters have re-invested the entire amount raised by them through secondary sale of shares in the company.

According to private market intelligence firm PrivateCircle Research, BYJU’s promoters — Byju Raveendran, Divya Gokulnath and Riju Ravindran — have together sold shares worth around USD 408.53 million in 40 secondary transactions since 2015.

“The promoters of BYJU’S have reinvested the…