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BYJU TERM LOAN
Byju Raveendran says settlement near after Singapore court contempt orderByju's founder Byju Raveendran announced a settlement in principle with lenders like GLAS Trust and Qatar Investment Authority, following a...- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju'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’s obligated to repay $1.2 billion with interest, says US lendersThe lenders say the troubled edtech company has not made any contractually due payments in over 17 months and neither founder Byju Raveendr...
- Prosus stake in Byju’s worth zero: HSBCThis comes at the time of Byju's controversial $200 million right issue at 99% discount to its peak valuation of $22 billion, meaning any i...
- Byju’s lenders petition to put subsidiaries in bankruptcy in the USCreditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and ...
- US lenders drag Byju’s to bankruptcy court in IndiaThe lenders have been in negotiation with the company over prepayment of a $1.2 billion term loan taken by its US subsidiary, Byju's Alpha,...
- Five key developments at tottering edtech Byju’sThe 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.
- Byju's targets to reach break-even by March, hive off EpicByju's had earlier set the target to become profitable by March 2023. Byju's booked a loss of Rs 4,588 crore for fiscal year ended March 31...
- Byju's interest cost on term loan may jump by $50-60 million a year under new termsEdtech 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, Davidson Kempner in talks to settle disputeByju’s and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan coven...
- Troubled Byju’s misses target to amend $1.2 billion loan termsBeleaguered ed-tech firm Byju’s missed yet another target date set by its creditors to amend terms of a $1.2 billion debt, adding fresh cha...
- ETtech Recap: Five must-read stories on Byju's crisis this weekETtech brings you up to speed with all the latest developments surrounding Byju's.
- Plan significant Byju’s markdown over lack of visibility on audited financials: Peak XV tells limited partnersPeak XV told LPs that GV Ravishankar’s resignation from Byju’s board on June 6 was due to the fund’s dissatisfaction with the company’s man...
- Byju’s, lenders aim to strike new pact for $1.2 billion loan by August 3A formal agreement with lenders is of considerable significance for Byju’s as its differences with the former over the $1.2 billion TLB hav...
- Byju's, lenders renew talks to restructure edtech company's debt loadThe lenders have delivered a detailed amendment proposal to the company that calls for a debt pay down, coupon boost and better investor pr...
- Heart goes out to team members who are facing downsizing: Byju Raveendran writes to staffByju's has undertaken multiple rounds of layoffs amid uncertainty around the company's cash position and overall slowdown in its business p...
- Byju’s lenders open to negotiations, seek draft loan amendment proposalReject call for one-on-one meetings, will act collectively on disputed $1.2 billion term loan B
- Byju’s raises debt of Rs 2,000 crore linked to future Aakash IPOThe transaction, which closed on Friday, is a three-year tenor loan facility with an equity upside linked to Aakash’s planned public listin...
- Vedanta’s Ajay Goel joins Byju’s as CFOGoel, who has worked in senior positions in firms such as Daiageo and GE, is joining Byju’s at a time when the company is in the middle of ...
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