Byju s, Lenders Agree to Altertermes of $1.2 B Loan troubled edtech major Byju s has reached a tentative agreement to rework its loan pact with lenders who collectively own more than 85% of the $1.2 billion Term B loan, people aware of the matter told ET. An announcement in this respect is expected as early as Monday.
The fate of Tata's UK business business hangs in the balance as talks continue with the Rishi Sunak government over the quantum of government support, said people with knowledge of the matter.
Bain to buy NBFC for $1500 crore, CEO to Stay On Bain Capital announced Sunday that it has entered into a definitive agreement to acquire 90 percent of Adani Capital and its wholly owned subsidiary, Adani Housing, for an undisclosed sum. People with knowledge of the matter said the investment will be paid for the acquisition, worth 1,500 crore.
7 Comments
Amateur
The lenders who own the majority of the loan are likely to bear the brunt of any potential losses or financial challenges faced by Byju's.
Muchacho
The fact that the lenders agreed to the reworking of the loan pact indicates their willingness to work with Byju's and find a solution that benefits both parties.
Coccinella
The post does not provide any indication of what the future holds for Byju's, leaving a cloud of uncertainty over the company and its prospects.
Muchacho
The acquisition of Adani Capital and its subsidiary by Bain Capital demonstrates the ongoing interest and confidence of private equity firms in the Indian market.
Tyutyunya
The acquisition by Bain Capital signals international confidence in the Indian market and has the potential to stimulate economic growth and create jobs.
marshal
Byju's may be able to use the reworked loan terms to allocate resources more effectively and implement strategies to improve its financial performance.
Habibi
The financial challenges faced by Byju's could have ripple effects on its employees and customers, potentially leading to job cuts or disruptions in service.