Byju’s breached terms of loan worth $42 million; stake sale blocked: Report

Byjus breached terms of loan worth $42 million; stake sale blocked: Report ..

Byju's crisis: An arbitrator, appointed under Singapore International Arbitration Centre rules, has ordered Byjus not to dispose of 4 million shares of Aakash, which amounted to a 6 per cent stake as per the loan agreement..

Byju's breached loan terms, arbitration initiated against edtech company ..

Beleaguered ed-tech startup Byjus reportedly breached terms of loans worth $42 million..

According to a report in Reuters, billionaire doctor Ranjan Pai-led MEMG Family Office initiated arbitration proceedings against Byjus in March for not repaying its loans amounting to $42 million through a pre-agreed transfer of certain shares of Aakash Education, a group company...