Byju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...

Byju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt....

An add-on credit card is issued against an existing primary credit card account. The primary cardholder remains the account owner and the s...

The board of Byju’s-owned Aakash Institute earlier approved the conversion into equity of the $300 million Ranjan Pai, chairman of Manipal ...

Deepak Mehrotra has been named as the MD and CEO at Aakash Institute. Byju's founder acknowledged his business acumen. Presently, the chair...

Byju’s investors are reconciled to his acquisition of 40% in Aakash, the people said, adding that the Manipal Education and Medical Group c...

The lenders of Byju’s $1.2 billion term loan had moved the city court last Thursday seeking an ex-parte injunction on the transaction allow...

In May, Byju’s had signed a Rs 2,000-crore ($240 million) structured credit deal with Davidson Kempner against the cash flows of Aakash Ins...

The troubled edtech is mired in multiple issues, such as repayment of a $1.2 billion term loan, and is the subject of a government probe.

Chaudhry served as the CEO till November 2020 as part of the founding family that ran Aakash Institute independently.

The initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.

Byju’s has been working with bankers to sell the two assets to strategic investors and the sources told us it has garnered some interest. S...

Edtech firm Byju's may have to pay an additional $50-60 million annually in interest on its $1.2 billion term-loan facility as part of new ...

Byju’s and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan coven...

The announcement on the IPO for Aakash, which Byju’s acquired in 2021 for $950 million, has come amid the company reportedly facing a $40 m...

Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the uni...

Last week, Byju’s closed a financing round of $250 million from existing investors, including Qatar Investment Authority (QIA), which led t...