A fire sale of two of its overseas assets is merely a band-aid solution to the edtech company’s cash flow troubles, which only seem to be getting worse.
A fire sale is underway at Byju’s and a US-based private equity firm seems to be in the lead to buy some of its assets, according to two people in the know, who requested anonymity.
“There is strong chatter about a US-based private equity fund extending a $500 million term sheet for one of those two assets,” says one of the persons quoted above. India’s largest education technology company is in talks to sell two of its assets—kids’ reading platform Epic and higher education company Great Learning—and raise up to $1 billion to repay the $1.2 billion term loan it …
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