Byjus and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan covenant linked to the Indian edtech companys test preparation subsidiary, Aakash Institute.
Byju’s arm had reportedly breached certain loan agreement covenants following which Davidson Kempner was not fully disbursing $250 million loan it had extended to edtech startup
After Cassa Depositi e Prestiti Spa, controlled by the Ministry of Economy, exited from the capital of the Fsi Spa fund, headed by CEO Maurizio Tamagnini, in the shareholding structure of the fund.
By calling out the widespread adoption of private crypto currencies as a risk to monetary stability, the RBI has indicated to the market that its stance will only get harder going forward.