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.
この記事は Business Standard の December 08, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の December 08, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Sebi's warning to ICICI Bank over ICICI Securities delisting
The Securities and Exchange Board of India (Sebi) on Thursday issued a warning to ICICI Bank for flouting norms during its outreach programme to the shareholder of broking firm ICICI Securities to vote in favour of the delisting.
The ageism debate
India will gain from raising the retirement age
Natural political order
Indian conditions favour coalitions
A woman for all seasons
Bake iographies and autobiographies are, for the most part, engaging commentaries on a country's life.
Aukus focus: The strategic pivot to France
Capability asymmetries between India and the US impede joint training
RBI's draft provisions create a flutter
The infrastructure financing world is abuzz with the Reserve Bank of India's (RBI) draft provisions for infrastructure lending.
Nvidia overtakes Apple as second-most valuable company
Valuation tops $3 trn; the last time it was worth more than iPhone maker was in 2002
Israel strikes UN school in Gaza, killing at least 40
Israel hit a Gaza school on Thursday in an airstrike that it said targeted and killed Hamas fighters inside, while a Hamas official said 40 people including women and children were killed as they sheltered in the UN site.
Britain's rich race to save their wealth from election hit
Wealthy people in the UK, from foreign billionaires to City of London bankers, are rushing to shelter their money after Prime Minister Rishi Sunak surprised the country by calling a summer election.
Like a pop star: Huang stirs up 'Jensanity' in tech world
Jensen Huang wasn't on the official Computex 2024 programme, but he didn't need to be.
