Byju's misses date to amend loan terms
Financial Express Mumbai|August 05, 2023
BELEAGUERED EDTECH FIRM Byju's missed yet another target date set by its creditors to amend terms of a $1.2 billion debt, adding fresh challenges to the Indian borrower's efforts to resolve disputes around the loan.
RESHMI BASU & ANTO ANTONY
Byju's misses date to amend loan terms

The company failed to decide on revisions sought by lenders in the loan's terms, including part repayment and higher interest payments, by the latest agreed-upon date of August 3, people familiar with the matter said. Meanwhile, a creditors' lawsuit against Byju's as part of the dispute is coming up for trial in a US court Friday.

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