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BYJUS LOAN PAYMENT
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...15 Sep, 2024, 11.30 PM IST- 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 well28 Feb, 2024, 07.52 PM IST
- 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,...25 Jan, 2024, 11.10 PM IST
- 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...14 Sep, 2023, 08.18 AM IST
- 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...24 Jul, 2023, 10.15 PM IST
- 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 ...29 Jun, 2023, 12.51 PM IST
- 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...28 Jun, 2023, 10.02 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
- 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 B14 Jun, 2023, 11.11 PM IST
- 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...13 Jun, 2023, 01.27 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 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 ...08 Jun, 2023, 08.56 AM IST
- 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...07 Jun, 2023, 12.49 AM IST
- 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 ...06 Jun, 2023, 11.04 AM IST
- 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...05 Jun, 2023, 04.42 PM IST
- 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 ...19 May, 2023, 08.00 PM IST
- 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...15 Sep, 2022, 04.28 PM IST
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