The fintech’s plan to increase its stake in Newtap Finance, formerly Parfait Finance and Investments, from the current 23.6% stake suffered a setback after the regulator returned Cred’s application.
After a long time, it was Christmas at Byjus as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transfer from the firms US-based subsidiary to other entities. Further, Byjus claimed it had fully paid the provident fund dues of its employees, quelling media reports that alleged it was withholding PF monies. This and more in todays ETtech Morning Dispatch.