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Sovereign Fund moves HC with enforcement petition
Financial Express Ahmedabad
|August 26, 2025
Sovereign Fund moves HC with enforcement petition
THE QATAR INVESTMENT Authority (QIA), through its subsidiary Qatar Holding LLC, has escalated its legal battle against troubled edtech firm Byju's and its co-founder Byju Raveendran.
The sovereign wealth fund has filed a fresh enforcement petition in the Karnataka High Court to recover a $235-million arbitral award, along with interest of 4% per annum compounded daily from February 28, 2024, which has pushed the total obligation beyond $249 million.
In September 2022, Qatar Holding extended $150 million in financing to Byju's Investments Private Limited (BIPL), an investment vehicle of Raveendran and a wholly owned subsidiary of Byju's Global, a Singapore-registered entity where Raveendran is the sole shareholder.
Dit verhaal komt uit de August 26, 2025-editie van Financial Express Ahmedabad.
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