Byju’s and group of creditors have agreed mutually to restructure $1.2 billion loan terms

Byju’s and group of creditors have agreed mutually to restructure $1.2 billion loan terms.

Byjus, a startup, in the education technology sector based in India is currently experiencing difficulties as a consortium of lenders aims to reevaluate the terms of a loan $1.2 billion.

[{"selector":"#anim-cc0d866b-5ed3-435c-80df-8fb851043ded","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e804390d-7f84-4b45-8635-e711a42b26f6","keyframes":{"transform":["translate3d(0px, 62.60588%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9dbd942-67fb-4411-afed-45aeaf762d75","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c21b2e86-1ae5-48ab-bc60-52448ba00f18","keyframes":{"transform":["translate3d(0px, 113.23618%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d46de56-cacc-4720-a8ba-15cfc921cc8e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The ongoing negotiations bring hope for the company which was formerly India’s most valuable startup.

[{"selector":"#anim-62b3c0dc-3d2f-4d18-8e02-d9c3c6c889fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4725c24c-1f12-42f2-8169-5697c947a8c0","keyframes":{"transform":["translate3d(0px, 62.60588%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49268260-f010-4464-82c5-9d0f5ea9a9f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4a4a04d-b853-4233-851e-63ea6349457d","keyframes":{"transform":["translate3d(0px, 197.35449%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41e017a2-8801-4c89-997b-fb2a945fbf8a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Byju’s has encountered a series of crises in recent months.

[{"selector":"#anim-0e05f71a-3b26-49aa-b12e-f5c57f01e772","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95ecf614-0ae7-4d04-a41f-e45f73791847","keyframes":{"transform":["translate3d(0px, 62.60588%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a7e63ffc-8993-4dc0-836f-fe3d339af681","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fbd65ad8-48d1-4c24-8965-1eee96df7566","keyframes":{"transform":["translate3d(0px, 252.84898%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0629845e-75bf-4ee3-93db-c65ee95e21c8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.15624990386074%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]