Continue Reading on TOI App
Open App
OPEN APP

US lenders counter Byju's claim on debt

NEW DELHI: US lenders represented by Glas Trust have countered Byju's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered edtech firm will have to pay the entire $1.2 billion Term Loan B along with interest.

About a week ago, Byju had said that verified debt on the company is only Rs 20 crore according to insolvency proceedings and that he may not have to pay any money to the US lenders represented by Glas Trust.

Start a Conversation

Post comment
Continue Reading
Follow Us On Social Media
end of article
More Trending Stories
Visual Stories
More Visual Stories
UP NEXT
Do Not Sell Or Share My Personal Information