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People familiar with the matter also stated that discussions on more lenient terms, including lower coupon and more time to repay, are continuing and no final decision has been reached.
Indian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets,
Think & Learn Pvt, the company that runs Byju's, the world's most valuable edtech company, will borrow Rs 300 crore ($36.45 million) from its wholly owned subsidiary Aakash Educational Services for its 'main business activities.' 'Think & Learn is in need of financing for its primary business operations,' Aakash Educational Services stated in its most recent filing with the Ministry of Corporate Affairs. 'The company's board of directors, in their meeting on October 3, subject to approval of members in general meeting, has given its consent for i...
Indian education provider Byju s finally released audited financial statements after months of delay, but the disclosures are unlikely to resolve the...
Indian education provider Byjus finally released audited financial statements after months of delay, but the disclosures are unlikely to resolve the swirl of controversy around the countrys most valuable startup.