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Byju's Lenders Move to Put Unit in Receivership After Default - Vimarsana News

Byju's Lenders Move to Put Unit in Receivership After Default

(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 EscalatesHouse Republicans

Source: yahoo.com
More trouble for Byju's as lenders move to put Singapore unit in receivership - Vimarsana News

More trouble for Byju's as lenders move to put Singapore unit in receivership

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

Byju's Lenders Move to Put Singapore Unit in Receivership - Vimarsana News

Byju's Lenders Move to Put Singapore Unit in Receivership

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Goldman Sues Malaysia as 1MDB Settlement Dispute EscalatesIMF Caught Off Guard as China Strikes Sri Lanka Debt DealHouse Republicans Pick Scalise as Sp

Source: yahoo.com
Byju's lenders move to put Singapore unit in receivership after default - Vimarsana News

Byju's lenders move to put Singapore unit in receivership after default

Mohan Lakhamraju, the founder and chief executive officer of Great Learning, is continuing to lead the company, according to the statement

Kroll Appointed to Help Safeguard Byjus Pte. Ltd. and Great Learning Education Pte. Ltd - Vimarsana News

Kroll Appointed to Help Safeguard Byjus Pte. Ltd. and Great Learning Education Pte. Ltd

Kroll Pte. Limited Kroll today announced that Mr. Cosimo Borrelli and Mr. Jason Aleksander Kardachi were appointed to safeguard the charged assets of Great Learning Education Pte. Ltd. Great Learning and Byjus Pte. Ltd. BPL.