New Delhi, March 5 -- In its efforts to deal with serious financial and governance crises, Byju's issued another public notice. From being an edtech giant worth $22 billion, its valuation has now reduced to $8.4 billion, all the while trying to pay off its $1.2 billion loan.

Ever since Byju's purchased Aakash Educational Services and Great Learning, Byju's has been experiencing negative cash flow and problems with the payments of operational costs, Demoted salaries and massive layoffs have become the new normal. There is also a depletion in investor confidence, which makes it harder to raise capital.

The leadership of Byju's has become the center of investor scrutiny due to mounting questions about its financial transparency and corpora...