Byju’s Lenders to Alter the Terms of Their $1.2 Billion Loan: A Positive Development for the Indian Edtech Giant
Indian edtech giant, Byju’s, has successfully reached an agreement with its lenders to amend the terms of its $1.2 billion loan. This significant development, announced on Monday, comes as a relief for the company amidst recent financial challenges. Byju’s will now have the flexibility to repay the loan over an extended period and at a reduced interest rate, signaling an opportunity to improve its financial standing. However, the company’s ability to bounce back from its current situation remains uncertain.