BYJU’S proposes to repay the entire $1.2 Bn to lenders in less than 6 months

In a rather surprising move, beleaguered edtech decacorn BYJU’S has reportedly offered to pay back the entire $1.2 Bn term loan to its lenders in less than six months. The edtech major made an offer to repay $300 Mn of the distressed debt within three months and the remaining amount in the next three months if its amendment proposal is accepted, Bloomberg reported citing sources.