Byju’s lenders demand quicker part-payment of $1.2 billion loan

Byju’s has been requested to promptly repay a portion of a $1.2 billion loan from a group of creditors while they renegotiate the conditions of the debt.

A tiny number of creditors are still hanging out for the company to prepay a portion of the year-old loan using cash reserves of roughly $850 million held by its US unit.