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Why Byju s has stayed the course in educational games | Divya Gokulnath

Why Byju s has stayed the course in educational games | Divya Gokulnath
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Byju s lenders win fight over loan default, control of unit

The lenders – which include Redwood Investments LLC and Silver Point Capital LP – were within their contractual rights to replace a relative of company founder Byju Raveendran on the board of Byju’s Alpha, a special-purpose company formed for financing purposes, with their nominee, Delaware Chancery Court Judge Morgan Zurn ruled.

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byjus loan default: Byju s lenders win fight over loan default, control of unit

Lenders have been pushing hard for the repayment of the $1.2 billion loan amid the companys mounting distress after a pandemic-era boom in online learning fizzled out. Byjus had been working to sell assets and deal with the loan issue when government investigators searched company offices this year.

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Fresh setback for Byju s; US court rules in favour of lenders, placing them in control of a unit

Byju's, the Indian edtech giant, has faced another setback as a US court ruled in favor of its lenders. The court stated that the lenders' move to rep

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Byju s in talks to sell US unit Epic for $400 million to Joffre

The potential sale of Epic! Creations Inc. would help Byju’s raise funds to pay down a disputed $1.2 billion term loan, people familiar with the matter said.

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