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Byju’s crisis timeline: From edtech giant to fighting legal battlesByju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding sho...- Moody's upgrades OYO parent Oravel Stays rating; outlook stableMoody's Ratings has upgraded the corporate family rating (CFR) of Oravel Stays Limited -- travel tech platform OYO's parent firm -- and the...
- Byju’s asset sale hangs fire amid investor flare-upsUnlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along wit...
- Court relief for Byju’s in TLB lenders’ suitThe 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...
- Byju’s denies hiding $533 million in hedge funds, says money invested in ‘high-grade fixed income assets’Byju’s statement was in response to a Bloomberg report that said the Bengaluru-based firm’s lenders had alleged that the edtech company hid...
- Byju’s puts Epic, Great Learning on sale to clear $1.2 billion loanByju’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...
- 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, 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...
- Consortium of Byju’s lenders extends pact to deal with edtech jointly: reportAn earlier pact signed by the lenders’ consortium, which requires them to act in concert in negotiations with the edtech, is set to expire ...
- 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
- Lenders call Byju’s lawsuit ‘meritless’, an effort to avoid obligationsAfter filing suit against American investment management firm Redwood and its entities, Byju’s missed its quarterly interest payment of abo...
- Byju’s misses $40 million loan payment, sues term loan lender RedwoodIn its suit, edtech major Byju’s sought to “disqualify” lender Redwood, which allegedly has taken on “predatory tactics”, and consistently ...
- Timeline: Byju's $1.2 billion loan caseThe edtech company missed the June 5 deadline to make a quarterly interest payment of $40 million, and said it would not make any further r...
- Byju’s skips $40 million loan payment in dispute with lendersByju’s did not pay $40 million in interest that was due on Monday, according to people with knowledge of the matter. The company said in a ...
- 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 ...
- Exclusive: Byju’s offers to pay higher interest rate on $1.2-billion loanCreditors may hike rate by 200-300 bps as debt-financing pact being reworked.
- Ola raises $500 million term loan to fund super appThe company said on Thursday that it had received a “staggering response” to the Term Loan B (TLB) with a commitment of about $1.5 billion
- Microsoft Corporation invests $5 million in OyoIn July, Oyo had announced raising TLB funding of $660 million (nearly Rs 4,920 crore) from global institutional investors to be utilised f...
- Oyo is raising a loan that’s seen as a precursor to listingOyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance, ...
- Illiquid stock options segment: 4 entities settle cases with SebiThose who have settled the cases are Umang Mahendra Shah, Ushma Sheth, TLB Trading Ventures and Tradebulls Securities Pvt Ltd, according to...
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