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Byju's loan: Firm begins one-on-one talks with lenders
June 15, 2023
|The Morning Standard
EDTECH firm Byju's, embroiled in a legal tussle with its lenders over $1.2 billion term loan B (TLB), has started one-on-one talks with the lenders.
According to the people aware of the matter, the edtech firm has already completed a few discussions with them and these talks are to find mutually beneficial resolutions among lenders and the firm.
These discussions are being done with a majority of the lenders. Sources also said that these discussions are very crucial to the country's most valued edtech firm.
Earlier it was reported that lenders were not ready to engage in the edtech firm's one-on-one meetings, but now sources said they have lined up individual meetings with the lenders.
هذه القصة من طبعة June 15, 2023 من The Morning Standard.
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