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BYJUS DEBT
White knight in control? Ranjan Pai seen setting course at AakashByju’s investors are reconciled to his acquisition of 40% in Aakash, the people said, adding that the Manipal Education and Medical Group c...25 Feb, 2024, 06.01 AM IST- 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...06 Feb, 2024, 06.00 AM IST
- Ranjan Pai turns white knight for Byju’s with 40% stake in AakashThe Aakash board has approved the conversion into equity of the $300 million Pai invested during 2023, they added. This values the company ...25 Jan, 2024, 09.18 AM IST
- Byju’s FY22 losses soar to Rs 8,245 crore; cash-strapped edtech explores rights issue at $500 million valuationThe rights issue, where existing investors will be offered the option to buy new shares in Think & Learn, may value the edtech firm at anyw...24 Jan, 2024, 12.37 AM IST
- Chaudhry may return as Aakash CEO, nears stock-swap deal with Byju’sChaudhry served as the CEO till November 2020 as part of the founding family that ran Aakash Institute independently.16 Oct, 2023, 10.42 AM IST
- Byju’s lenders accused of using bogus loan-default claimsThe distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byju...05 Aug, 2023, 09.24 AM IST
- 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...04 Aug, 2023, 01.22 PM IST
- ‘Not all rags-to-riches stories are legitimate wins’: Hansal Mehta shares harrowing account of how he was nearly scammed by Byju’s employeesTaking to Twitter, director Hansal Mehta referred to the time he was mocked and brutally trolled for calling out the startup for its unethi...29 Jun, 2023, 08.20 PM IST
- Byju’s seeks to raise $1 billion to sidestep shareholder revoltByju’s, which has been trying to raise fresh funds for months, seeks to close a round within two weeks, sources said.27 Jun, 2023, 03.39 PM IST
- 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...09 Jun, 2023, 11.12 PM IST
- Byju’s Alpha accused of hiding $500 million from lendersLenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between creditors and the se...19 May, 2023, 07.55 AM IST
- Byju’s lenders seek $200 million prepayment over restructuring $1.2 billion loanEdtech company yet to agree to the clause; lenders also want fortnightly updates on firm’s cash position. Byju’s holds $650 million in over...07 Apr, 2023, 12.31 PM IST
- Byju’s asks creditors for more time to recast $1.2-billion debt: reportSome of the creditors are seeking a quicker repayment of the debt given to Byju's using cash reserves of about $850 million from its US uni...11 Jan, 2023, 12.03 PM IST
- 'Loss after loss': Parents detail how Byju's pushed them into debtParents said Byju's staff took advantage of a desire to provide the best education for their children, and encroached on their privacy by a...04 Jan, 2023, 01.50 PM IST
- Byju’s lenders seek quicker part-payment of $1.2-billion loanThe lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a Septembe...13 Dec, 2022, 12.06 PM IST
- Audited financial results on Sept 6, Byju’s informs debt investorsCompany may hold board meeting next week to discuss auditor's financial report for FY21 and FY2229 Aug, 2022, 08.00 AM IST
- Byju's said to offer more than $1 billion for 2U to expand in USByju’s made the offer of about $15 a share to 2U’s board last week. The offer represents a 61% premium to 2U’s closing price of $9.30 on th...29 Jun, 2022, 01.05 PM IST
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