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Tech investor Prosus NV said it has written off the fair value of its 9.6% stake in Indian edtech firm Byju's during the financial year 2024, making the Dutch firm the first to fully write-off its investment in the troubled startup. Prosus cites the write off to "the significant decrease in value for equity investors". Earlier this year, a group of shareholders in the company, including Prosus, called to oust the company's founders and force a change of leadership, quoting concern about the "future stability" of the company.