ED Issues Rs 9,000 Cr Notice To BYJU’S For Foreign Funding Violations

2023 • 9min • News • Business


Published On: November 22, 2023 - The Enforcement Directorate has issued a notice to BYJU’S asking the company to pay Rs 9,000 crore for violating foreign funding laws. BYJU’S, however, denies the allegations. In a letter to the company's shareholder, the edtech giant said that it hasn’t been involved in any wrongdoing. It is the second-biggest FEMA notice issued to a unicorn. Earlier, a notice amounting to Rs 10,600 crore was issued to Flipkart. Join News9’s Shweta Kothari and Kartik Malhotra for more on this story.