BYJU'S Financial Battle: The $1.2 Billion Term Loan B Controversy
Article Summary
-US lenders represented by Glas Trust have strongly disputed BYJU's founder Byju Raveendran's assertion that the company's verified debt is only around Rs 20 crore. The lenders claim that the beleaguered edtech firm is obligated to repay the entire USD 1.2 billion Term Loan B along with accrued interest.
Just a week ago, Byju...