News on Medial

Byju’s asset sale hangs fire amid investor flare-ups

Economic Times · 1y

Byju's efforts to sell assets, including Great Learning, have been delayed due to financial challenges and disagreements with stakeholders. The company is seeking around $600 million from the sale but has not yet found a buyer. Additionally, the sale of Epic, another asset, has also faced difficulties. The sale of Great Learning is crucial for Byju's to repay its $1.2 billion loan. Potential buyers are waiting for a lower purchase price, given the current market conditions. The company's revenue run rate has been affected, and universities have expressed concerns over conflicts with investors and lenders.