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Byjus
Byju's Seeks Rescue Funding At Drastic 90% Valuation Cut: Here's What We Know So Far
The once high-flying company is selling its US-based digital reading platform for children for about $400 million and is entangled in a legal tussle over a missed interest payment on a $1.2 billion (₹9,980 crore) loan.
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Byju's Seeks Rescue Funding At Drastic 90% Valuation Cut: Here's What We Know So Far
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Byju's Moves Aakash IPO Timeline To 2024 Amid Serious Cash Crunch
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The board officially approved this significant move and will soon announce the appointment of the merchant bankers for the IPO to assure a well-organized and successful listing next year, Byju's stated on June 5.
Byju's Debt Troubles Rack Up As Lenders Abandon Talks
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This development poses a fresh challenge for the prominent tech company, which had been attempting to appease creditors through prepayments and higher coupons as part of the loan restructuring.