Term Loan
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Verified Debt Claim On Byju's Is Only Rs 20 Crore, Says Founder
Think & Learn, which owns Byju's may not have to pay any amount for the disputed USD 1.2-billion Term Loan B due the present "behaviour" of Glas Trust -- an agency which is representing US-based lenders -- Founder and CEO Byju Raveendran said.
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"Goons": Supreme Court Slams Bank Recovery Agents For Not Returning Vehicle
Terming a recovery agent firm of a bank as a "group of goons" who did not return vehicle seized from a man despite one time settlement of the loan amount, the Supreme Court has directed the West Bengal Police to file charge sheet against the company.
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Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
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Byju's Makes A Surprise $1.2 Billion Repayment Proposal To Lenders
Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.
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Byju's, Lenders Agree To Complete Term Loan Amendment By August 3
The steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday, in a breather to the troubled edtech firm.
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Byju's, Lenders Renew Talks in Bid to Restructure Startup's Debt Load
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
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Byju's Close to Achieving Profitability at the Group Level, Claims CEO
Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future.
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Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
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Byju's Lenders Huddle With Advisers After Missed Loan Interest
Holders of Byju's $1.2 billion term loan and their advisers are weighing options including negotiating with the company for an amendment, litigating or attempting to seize collateral after the company missed an interest payment on the debt.
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Byju Files Lawsuit Challenging $1.2 Billion Term Loan Acceleration, Seeks Lender Redwood's Disqualification
Edtech major BYJU'S on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the USD 1.2 billion (roughly Rs. 9,916 crore) Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in...
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Byju's Files Case Against Investment Firm Over $1.2 Billion Loan Repayment
Education startup BYJU's said on Tuesday it filed a suit against investment management firm Redwood to challenge the acceleration of a $1.2 billion term loan B and to disqualify Redwood for its predatory tactics.
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Coinbase Decides to Halt Fiat Loan Borrowing Service Against Bitcoin Holdings: Details
Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...
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Spike In Interest Rates Leaves Indian Homeowners In Unenviable Position
India's sharp rise in interest rates has left many homeowners in an unenviable position: Having a mortgage they'll still be paying decades after they should have retired.
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Gogoro Partners With Zomato, Kotak Mahindra Prime to Accelerate Adoption of EVs by Delivery Partners
Gogoro, Zomato and Kotak Mahindra Prime on Tuesday announced a collaboration on electric two-wheeler deployment to drive electric mobility in India. As part of this collaboration, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.
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Karnataka Budget: Loan Term Limits For Farmers Raised, Subsidies Announced
Seeking to woo farmers in an election year, Karnataka Chief Minister Basavaraj Bommai on Friday announced an increase in the limit of interest-free short-term loan given to farmers from Rs 3 lakh to Rs 5 lakh from the coming financial year.
-
Verified Debt Claim On Byju's Is Only Rs 20 Crore, Says Founder
Think & Learn, which owns Byju's may not have to pay any amount for the disputed USD 1.2-billion Term Loan B due the present "behaviour" of Glas Trust -- an agency which is representing US-based lenders -- Founder and CEO Byju Raveendran said.
-
"Goons": Supreme Court Slams Bank Recovery Agents For Not Returning Vehicle
Terming a recovery agent firm of a bank as a "group of goons" who did not return vehicle seized from a man despite one time settlement of the loan amount, the Supreme Court has directed the West Bengal Police to file charge sheet against the company.
-
Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
-
Byju's Makes A Surprise $1.2 Billion Repayment Proposal To Lenders
Indian edtech titan Byju's has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation.
-
Byju's, Lenders Agree To Complete Term Loan Amendment By August 3
The steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday, in a breather to the troubled edtech firm.
-
Byju's, Lenders Renew Talks in Bid to Restructure Startup's Debt Load
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
-
Byju's Close to Achieving Profitability at the Group Level, Claims CEO
Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future.
-
Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
-
Byju's Lenders Huddle With Advisers After Missed Loan Interest
Holders of Byju's $1.2 billion term loan and their advisers are weighing options including negotiating with the company for an amendment, litigating or attempting to seize collateral after the company missed an interest payment on the debt.
-
Byju Files Lawsuit Challenging $1.2 Billion Term Loan Acceleration, Seeks Lender Redwood's Disqualification
Edtech major BYJU'S on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the USD 1.2 billion (roughly Rs. 9,916 crore) Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in...
-
Byju's Files Case Against Investment Firm Over $1.2 Billion Loan Repayment
Education startup BYJU's said on Tuesday it filed a suit against investment management firm Redwood to challenge the acceleration of a $1.2 billion term loan B and to disqualify Redwood for its predatory tactics.
-
Coinbase Decides to Halt Fiat Loan Borrowing Service Against Bitcoin Holdings: Details
Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...
-
Spike In Interest Rates Leaves Indian Homeowners In Unenviable Position
India's sharp rise in interest rates has left many homeowners in an unenviable position: Having a mortgage they'll still be paying decades after they should have retired.
-
Gogoro Partners With Zomato, Kotak Mahindra Prime to Accelerate Adoption of EVs by Delivery Partners
Gogoro, Zomato and Kotak Mahindra Prime on Tuesday announced a collaboration on electric two-wheeler deployment to drive electric mobility in India. As part of this collaboration, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.
-
Karnataka Budget: Loan Term Limits For Farmers Raised, Subsidies Announced
Seeking to woo farmers in an election year, Karnataka Chief Minister Basavaraj Bommai on Friday announced an increase in the limit of interest-free short-term loan given to farmers from Rs 3 lakh to Rs 5 lakh from the coming financial year.
