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In 50 Words: Byju’s to discuss loan dispute resolutions with lenders
Byju’s is set to hold discussions with its lenders to explore mutually beneficial resolutions amid a prolonged dispute over a $1.2 billion unrated term loan. The talks come after the edtech firm failed to pay $40 million in interest and filed a lawsuit against Redwood Management. Lenders owning over 85% of the loan have deemed the case meritless.
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