Overseas lenders file insolvency proceedings against Byju’s in India - Moneycontrol.

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Deborshi Chaki 25 Jan 2024 Moneycontrol

Byju’s secured $1.2 billion in debt through a term loan facility from a consortium of global investors in November 2021 and is embroiled in a legal dispute with the lenders in the US

Foreign lenders, who collectively extended more than 85 percent of Byjus $1.2 billion term loan, have filed an insolvency petition against the online tutor in India, people directly aware of the deve…

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