Byju's aims to make $40m payment on record $1.2b loan

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In 50 Words: Byju’s aims to make $40m payment on record $1.2b loan

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In 50 Words: Byju’s aims to make $40m payment on record $1.2b loan

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Byju’s, India’s largest edtech startup, plans to make a US$40 million interest payment on its US$1.2 billion loan by the June 5 deadline to avoid default, according to sources briefed on the matter. The US$1.2 billion debt is the largest unrated loan ever taken by a startup.

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