BYJU’S Proposes to Pay Back $1.2bn loan in Six Months

  • Edtech company BYJU’S has submitted a proposal to repay its $1.2 billion loan in less than six months.
  • The firm, in conflict with its lenders for almost a year, proposes to pay $300 million within three months, and the rest afterward.
  • The company is under scrutiny for failure to pay provident fund dues and provide financial data to its auditor, Deloitte, leading to the latter’s resignation.
Join 2 million subscribers





A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
Total
0
Share
nextbigwhat We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications