Byju039s

SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju’s

by
SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju’s

New Delhi: The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU’s and approving its Rs 158.9 crore dues settlement with the BCCI. A bench comprising Chief Justice D … Read more

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

by
Once valued at USD 22 billion, Byju’s is now worth ‘zero’

New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has assigned zero value to investment company Prosus’ nearly 10 per cent stake (or about $500 million) in Byju’s. “We assign … Read more