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Byju’s Forex Breach: Minimal Penalty Expected
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Byju’s anticipates minimal or no fine from India’s forex rule violation allegation, despite a $1.12 billion breach. Prosus, a significant stakeholder, has reduced Byju’s valuation to under $3 billion, adding to its challenges.
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How might the anticipated minimal fine impact Byju’s reputation and future business prospects?
How might the reduced valuation of Byju’s affect the broader edtech industry and the investor landscape?
What measures could Byju’s take to address the allegations and regain investor confidence?
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