Byju’s lenders request $200 million prepayment as part of $1.2 billion loan restructuring

  • Byju’s lenders are asking for a $200 million prepayment as part of a $1.2 billion loan restructuring.
  • Byju’s has not yet agreed to the clause.
  • Lenders also want fortnightly updates on the company’s cash position.
  • Byju’s holds $650 million in overseas accounts and about Rs 1,500 crore in liquid funds in India.

Via

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