Byju's lenders appoint Kroll to safeguard charged assets
Financial Express Mumbai|October 12, 2023
BYJU'S LENDERS HAVE appointed risk advisory firm Kroll to safeguard charged assets -- assets used as collateral to secure a loan, allowing the lender to seize them if the borrower defaults- of Great Learning and Byju's Singapore entity.
ANEES HUSSAIN
Byju's lenders appoint Kroll to safeguard charged assets

This comes at a time when the troubled edtech firm is exploring a potential sale of Great Learning.

Cosimo Borrelli, global co-head of restructuring, and Jason Aleksander Kardachi, Kroll's Singapore head, were appointed to safeguard the charged assets of Great Learning Education and Byju's, the advisory firm said in a statement on Wednesday.

The appointment was made on behalf of secured creditors of Byju's Alpha, as part of the secured lenders' exercise of their security rights following defaults by Byju's Alpha, the firm said.

Byju's declined to comment.

この記事は Financial Express Mumbai の October 12, 2023 版に掲載されています。

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この記事は Financial Express Mumbai の October 12, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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