Byju’s founder floats share offer to make peace with estranged investors

Byju Raveendran, the founder of embattling edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors, informing them that the board is weighing an offer of renounced shares to prevent dilution of their holdings ahead of validating a recent rights issue that cuts the Indian startup’s valuation by 99%.
In an email to shareholders Friday…