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.