India Corporate Regulator Scrutinizes Byju’s After Auditor Quits
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India’s company regulator is gathering information about education-technology firm Byju’s after the resignation of its auditor and three board members, according to people familiar with the matter.
The Ministry of Corporate Affairs has sought more information about the embattled startup and a final decision about whether to open a formal probe is expected soon, the people said. The decision to order an inspection and investigation would be based on an assessment of the information, they said.