Byju’s raises debt of Rs2K cr linked to Future Aakash IPO

Byju’s has raised a ₹2,000-crore structured credit transaction from Davidson Kempner Capital. The transaction is a three-year loan facility with an equity upside linked to Aakash’s planned IPO, which roughly translates to a 12% annualised fixed coupon rate for the company.

More To Explore

Asian stocks tread water at the start of Fed week

Asian stocks opened cautiously as traders assessed strained China-Japan relations and upcoming central bank decisions. Investor caution grew regarding the AI rally’s sustainability, with markets