BYJU’S creditors call off negotiations to restructure its $1.2 Bn loan


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Image Credit: business today

In another setback to edtech unicorn BYJU’S, its creditors have reportedly pulled out of the negotiations with the startup to restructure its loan worth $1.2 Bn. People aware of the matter told Bloomberg that the talks were called off after the creditors moved to court accusing BYJU’S of hiding $500 Mn of funds raised.