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A merger of WhiteHat Jr with self would thus help the company in reducing its overall burn, which will be critical considering its impending cash needs

India Business News: Indian edtech company Byju's has offered to repay its $1.2 billion term loan within six months, according to sources. The company has proposed repayin

The company is offering to repay $300 million of the distressed debt within three months if the amendment proposal is accepted and the remaining amount in the subsequent three months.

Byjus plans to repay its $1.2 billion loan within six months, as the dispute with lenders continues.

Under the proposed plan, Byjus is offering to reimburse USD 300 million of its distressed debt within the initial three months, with the remaining balance to be cleared over the subsequent three months, , BYJUs

Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.

The company is offering to repay $300 million of the distressed debt within three months

Byjus and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan covenant linked to the Indian edtech companys test preparation subsidiary, Aakash Institute.

(Bloomberg) -- In late April, Indian officials in plainclothes raided the Bengaluru offices of Byju’s, seizing laptops and publicly linking the world’s most valuable education-technology startup with possible foreign exchange violations.Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueRolex, Patek Prices to Kee...

Byju Raveendran, founder and CEO of education-technology start-up Byjus, has been in crisis mode since his company was raided in late April.