In 50 Words: Byju’s lenders renegotiate $1.2b loan amid financial difficulties

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In 50 Words: Byju’s lenders renegotiate $1.2b loan amid financial difficulties

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Lenders of India’s edtech startup, Byju’s, are renegotiating the terms of a US$1.2 billion loan as the company encounters financial difficulties, including missed repayments and a legal dispute with creditors. Byju’s and the lenders aim to reach a new agreement by August 3.

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