Byju's
US lenders push Indian ed-tech giant Byju’s towards insolvency
INDIA’S top court on Wednesday (Aug 14) revived insolvency proceedings against education technology company Byju’s following a lawsuit by a trust representing US lenders who say they are owed US$1 bil...
Byju’s lenders seek to block payment to India cricket board
AMERICAN lenders are seeking to freeze the assets of a suspended director of the troubled Indian educational tech firm Byju’s, arguing his cash should be used to pay them, not debt owed to India’s gov...
Byju’s must freeze US$533 million in win for lenders, judge says
INDIAN tech firm Think & Learn must freeze US$533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a United States judge said on Thursday (Mar 1...
Byju’s investors vote to oust CEO from troubled EdTech startup
Major Byju’s shareholders including Prosus and Peak XV Partners voted on Friday (Feb 23) to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying onlin...
Byju’s CFO quits and rejoins Vedanta to oversee restructuring
VEDANTA has picked the chief financial officer of edtech titan Byju’s to replace the current finance head, who is said to have quit after a few months in the job, ahead of an ambitious restructuring a...
Byju’s lenders move to put Singapore unit in receivership
A LENDER-APPOINTED receiver has taken steps to assume control of a Byju’s unit in Singapore following months of failed negotiations with what was once one of India’s hottest tech startups, sources sai...
India’s Byju’s to merge businesses, slash around 5,500 jobs: ET
INDIAN education firm Byju’s plans to cut around 5,500 jobs to decrease costs amid a restructuring of its business, The Economic Times (ET) reported on Tuesday (Sep 26).
India’s Byju’s looks to raise US$1 billion with sale of Great Learning, Epic
INDIAN education giant Byju’s is looking to sell two companies it acquired in 2021 – Great Learning and Epic – to raise up to US$1 billion in an effort to streamline its businesses and repay lenders, ...
Byju’s lenders accused by lawyer of using bogus default claims
Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to US$1.2 billion in loans as part of a scheme to gain control of the education-technology provider, the firm...
Byju’s, creditors aim to amend US$1.2 billion loan terms
A group of lenders to Byju’s is working with the Indian education-technology startup to change the terms of a US$1.2 billion loan after the company fell into distress, according to people with knowled...
