CEO states Byju’s close to profitability, positive resolution for loan issue expected without legal proceedings

  • Though facing challenges, Byju’s is showing commitment to financial management and operational optimization as it nears group level profitability.
  • CEO Raveendran indicates $1.2 billion Term Loan B discussions are hoped to resolve positively in coming weeks, avoiding court intervention.
  • Raveendran addresses employee concerns in town hall meeting about company growth, auditor resignations, debt burdens, and the future of edtech industry.
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