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The terminated office assets include 550,000 sq ft in Kalyani Tech Park in Whitefield and 70,000 sq ft in IBC Knowledge Park, people aware of the matter said. Both these assets were given up between 2022 and 2023.
Troubled edtech reduces notice period to 15-30 days across staff level to cut costs
Sources says Byju Raveendran is confident of pulling through via asset sales, without depending on capital from existing investors
India Business News: Byju's, the troubled edtech firm, is facing a severe cash crunch and may have to use proceeds from the sale of its unit, Epic, to sustain operations.
Raveendran also addressed concerns from on changes in its business plans and optimisation of cost – both on people and business front – to withstand the current crisis.