Byju’s rebuffs claims of hiding $533M in hedge fund, maintains credit agreement legitimacy

  • Byju’s denies allegations of concealing $533 million in a hedge fund via its US subsidiary, Alpha Inc, stating the transaction complied with credit agreement terms.
  • The report follows accusations of Alpha transferring over $500 million to a less-known hedge fund, Camshaft Capital Fund.
  • Byju’s has offered to repay a $1.2 billion term loan in less than six months amidst issues with its TLB lenders.
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