In 50 Words: Davidson Kempner pauses $250m loan to Byju’s

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In 50 Words: Davidson Kempner pauses $250m loan to Byju’s

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Davidson Kempner Capital Management has halted full disbursement of a US$250 million loan to Indian edtech firm Byju’s, as it reviews its decision following a crisis at the company. Byju’s lost its auditor and three board members amidst questions over its accounting practices, causing the US hedge fund to hold back funds.

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