Byju's offers surprise $1.2 bn repayment proposal to lenders

Byju's, the prominent Indian edtech company, has sprung a surprising repayment offer on its lenders. According to individuals knowledgeable about the matter, the firm has proposed repaying its entire $1.2 billion term loan in under six months.

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As part of this proposal, Byju's aims to settle $300 million of the distressed debt within the initial three months, with the remaining amount to be paid in the subsequent three months. These insiders, who requested anonymity due to the confidential nature of the discussions, have indicated that the lenders are currently assessing the proposal and are seeking additional information about the funding mec