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Byju’s founder may use Aakash stake to tackle cash crisis
short by Harsh / on 05 Dec 2023,Tuesday
Edtech entrepreneur Byju Raveendran may use his 10-12% holding in test-prep chain Aakash to create liquidity for his cash-strapped group, Think & Learn. He hopes to raise Rs 600 crore to fund operations till March 2024 and clear dues, including a payment to BCCI. Think & Learn, the parent of Byju's, also has a term loan B of $1.2 billion.
short by Harsh / 08:04 pm on 05 Dec
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