Online education provider Byju's is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, according to people familiar with the information.
Byju's valued at $22 billion, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors, the people said, asking not to be named as the information is not public. Discussions on more lenient terms, including lower coupons and more time to repay, are continuing and no final decision has been reached, one of the people said, without providing further details.
هذه القصة مأخوذة من طبعة December 08, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 08, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
ITC hotel demerger divides voting advisory firms
liAS recommends 'against' vote; SES, InGovern suggest 'for'
RBI move on partly paid AIF units puts industry in a bind
Move to help regularise units issued to FPIs amid concerns on fee outgo
BSE to buy S&P's 50% in index JV
Domestic bourse BSE has approved the acquisition of 50 per cent stake in index provider Asia Index (AIPL) from equal joint venture partner S&P Dow Jones (SPDJ) Indices for 30 crore.
A battle for dominance in beauty mkt
A wave of foreign beauty brands is making a splash in the Indian market.
Hospital blaze ignites fire safety review in Delhi
Investigation yet to pinpoint cause 48 hours on SANKET KOUL New Delhi, 27 May The investigation is still ongoing to ascertain what caused the fire that killed six newborns in East Delhi's Baby Care Newborn Hospital.
Banks should not hold up crediting exporters money due to fault of ICEGATE
We have received a system generated email from the DGFT alleging nonfulfillment of export obligation (EO) against many of our advance authorisations and EPCG authorisations issued between 2002 and 2007.
LIC net profit grew 2% in Q4
Wage revision, arrears hit profitability; govt to get ₹3,662 crore as dividend
Holy grail of blended commerce
Ever since the pandemic ended, shoppers have been thronging physical stores.
Governance by disguised legislation
The tyranny of circulars must end to ensure democratic legitimacy of laws and ease of doing business
China creates $47.5 bn chip fund its largest
China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth.
