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Há 1 dia · In 2021, Byju's Alpha was established as a US subsidiary to receive proceeds of the Term Loans. "Byju's first breach occurred no later than March 16, 2022, when it failed to furnish required unaudited quarterly financial information," claimed lenders. In February 2024, Byju's Alpha had filed for Chapter 11 bankruptcy protection in the US.
Há 1 dia · In 2021, Byju’s Alpha, Inc. was established as a US subsidiary of the firm to receive proceeds of the term loans. The firm secured a $1.2 billion term loan in November 2021. The edtech firm had ...
Há 2 dias · Byju's term-loan lenders have initiated involuntary Chapter 11 bankruptcy proceedings against three of the edtech company's guarantors—Epic! Creations Inc., Neuron Fuel Inc., and Tangible Play Inc.
Há 7 horas · June 7, 2024 11:24 am. New Delhi, June 07: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by ...
Há 1 dia · The lenders had been in negotiations with the company over prepayment of the term loan taken by the edtech firm through another subsidiary, Byju's Alpha.While this group of lenders have sought to initiate court-monitored restructuring of the three subsidiaries under Chapter 11 of the US Bankruptcy Code, the two sides also continue to fight another legal battle in American courts over the loan.
Há 7 horas · Shillong, June 7: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has assigned zero value to investment company Prosus’ nearly 10 per cent stake (or about $500 million) in Byju’s. “We assign zero value to Byju’s ...
