Data recap: Inflation, Nifty, KKR investment, and more
News and developments from the week gone by, through numbers and charts.
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News and developments from the week gone by, through numbers and charts.
Says, ‘As a commercially prudent borrower and like any other large corporate treasury, Byju’s Alpha has made investments in a multi-hundred billion dollar fund with high security fixed income instruments’
Byju's denied any wrongdoing and emphasised that the transaction was carried out within the terms of its credit agreement with lenders, which explicitly allows the movement and investment of funds disbursed under its terms.
Byjus statement was in response to a Bloomberg report that said the Bengaluru-based firms lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.
Lenders to BYJU’S have alleged that the edtech hid $533 Mn in an obscure Miami-based hedge fund, Camshaft Capital Fund.