US Lenders Rebut Byju's Claim on $1.2 Billion TLB Repayment Obligation
Sunday, 15 September 2024, 07:37
Debt Obligations Under Scrutiny
Recent discussions have emerged surrounding the obligations of Byju's concerning its substantial $1.2 billion TLB debt. Byju Raveendran, founder of Think and Learn (TLPL), has stated that verified debt as per insolvency proceedings is merely Rs 20 crore. However, US lenders strongly disagree with this assertion.
Key Points of the Dispute
- US lenders argue that Byju's is fully obligated to repay the $1.2 billion.
- Byju Raveendran claims minimal verified debt, raising significant questions.
- This situation underscores the ongoing tension in the edtech financing landscape.
Investors are keenly watching how this situation develops, as it could have broader implications for the edtech sector and its financing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.