What impact will BYJU'S FY21 results have on its future business? Will profits come soon?
With losses widening, edtech major BYJU'S is shifting its focus to profitability from growth at any cost.
Source: businesstoday.in
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Byju's clears USD 230 million dues to Blackstone for Aakash acquisition
Byju's co-founder and CEO Byju Raveendran at the time of announcing the result had said that the contractual commitment of the two investment firms is still there, but the fund has not come and these entities have not made any investment in the last six months.
Source: indiatvnews.com
Aakash Acquisition: BYJU's Again Fails To Clear Blackstone's Dues
BYJU's has reportedly again missed the deadline to pay more than INR 1,500 Cr in dues to private equity firm Blackstone.
Source: inc42.com
Latest News | Byju's Clears USD 230 Million Dues to Blackstone for Aakash Acquisition
Get latest articles and stories on Latest News at LatestLY. Edtech firm Byju's has cleared USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development. Latest News | Byju's Clears USD 230 Million Dues to Blackstone for Aakash Acquisition.
Source: latestly.com
Byju's - Byju's clears USD 230 million dues
While the edtech firm cleared payments that were due to the founder of Aakash in July, the payment of Blackstone was deferred based on a mutual agreement
Source: telegraphindia.com