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Byju's Loses One Of Its Units To Lenders After $1.2 Billion Loan Default

In a recent legal development, Byju's, once hailed as one of India's hottest tech startups in the education technology sector, is facing a significant challenge as lenders, including Redwood Investments LLC and Silver Point Capital LP, have seized control of a unit of the company due to a reported default on a $1.2 billion loan. ....

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