Byju’s lenders scrap talks to restructure $1.2 billion loan

The talks were called off after the creditors moved court, and accused the firm of hiding $500 million of funds raised, the people said, asking not to be named as the information is not public. Lenders can now sell the term loan B securities of the firm as the restraint that came as part of the negotiations is lifted, they said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’s-lenders-scrap-talks-to-restructure-3612-billion-loan_17065351.html