Mumbai, 11/10: Byju’s, which is grappling with multiple legal and financial woes, has proposed to repay its entire $1.2 billion (Rs 9,940 crore) term loan in less than six months, Bloomberg News reported on Monday, citing people familiar with the matter.
The company is offering to repay $300 million (Rs 2,486 crores) in the next three months, if its offer is accepted by lenders, and the remaining amount in the following three months, Bloomberg said.
Comments are closed.