Byju’s makes a surprise $1.2 billion repayment proposal to lenders
Indian edtech company Byju's has offered to repay its $1.2 billion term loan within six months, according to sources. The company has proposed repaying $300 million within three months and the remaining amount in the subsequent three months. Byju's and its lenders have been in conflict for almost a year, and negotiations to revamp the loan agreement have failed. The lenders are currently reviewing the repayment proposal.
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