Page 14 - Great Learning News Today

In June, Deloitte, Byju’s long-standing auditor, which flagged concerns with the company’s revenue recognition methods for its accounts in FY21, also resigned citing delay in producing FY22 results

NEW DELHI — After a delay of more than 19 months, edtech major Byju's on Monday said it is expected to announce its financial results for FY22 by the end of

After a delay of more than 19 months, edtech major Byju's on Monday said it is expected to announce its financial results for FY22 by the end of this week.In a statement to IANS, the company said the audit of all the group subsidiaries has been ...

Pais investment will help repay loan taken by Aakash

New CEO Arjun Mohan has hit the ground running at Byju’s, beginning a painful restructuring that the firm hopes will set its house in order - Issue Date: Oct 29, 2023

(Bloomberg) -- A lender-appointed receiver has taken steps to assume control of a Byju’s unit following months of failed restructuring negotiations and a loan default, according to people with knowledge of the matter. Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’IMF Caught Off Guard as China Strikes Sri Lanka Debt DealGoldman Sues Malaysia as 1MDB Settlement Dispute Escala...

When the full investment is completed, Pai is set to secure a substantial 20-25 per cent stake in Aakash, while Byju’s personal stake is expected to decrease to approximately 12 per cent. 

In what could be a shot in the arm for Byjus, Manipal Education and Medical Group chairman Ranjan Pai may invest as much as $250-300 million in Aakash Institute, a subsidiary of the troubled edtech firm. This and more in todays ETtech Morning Dispatch.

Great Learning, which Byju’s bought for $600 million in 2021, may now be sold

The group includes some of Byjus largest investors, such as General Atlantic, Prosus, Peak XV, Sofina, Chan Zuckerberg Initiative, and Verlinvest.