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BYJUS LOAN PAYMENT
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...
- Delaware Supreme Court holds Byju's in default of $1.5 billion loanThis means the lenders can demand a full repayment from the troubled edtech firm and take control of Byju's US entity, Byju's Alpha. This i...
- 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...
- Byju’s US lenders invoke parent company's guarantee in insolvency proceedingsNCLT gives Byju’s three weeks to respond to US lenders’ petition; seeks response to BCCI plea as well
- 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,...
- 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, 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 yet to receive entire Rs 2,000 crore from Davidson KempnerThink and Learn, the parent entity of Byju’s, had raised Rs 2,000 crore as a three-year loan facility from Davidson Kempner in a structured...
- 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.
- 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 to lay off more staff in fresh cost-cutting driveThe cost correction comes right on the heels of the company skipping a quarterly interest payment of about $40 million earlier this week on...
- 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 ...
- Byju’s faces deadline for $40 million paymentThe edtech firm expects to pay on Monday to meet the June 5 deadline, the people said, asking not to be named because the information isn’t...
- Byju’s denies allegations against US arm, says transfers fully compliant with credit agreementThe fund transfers “did not contravene any terms of the parties’ credit agreement and the agreed-upon rights and responsibilities”, Byju’s ...
- Byju’s audit firm Deloitte sought two key changes in FY21 financials“Revenues from streaming services (online courses), which was previously recognised fully on commencement of contract, has been adjusted to...
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