Byju’s asset sale: Byju’s asset sale hangs fire amid investor flare-ups
Byju’s plan to sell assets, including Great Learning, has stalled amid mounting financial challenges stemming from term loan B (TLB) investor demands and discord with stakeholders, said potential buyers who have been approached. They are waiting in expectation of a lowering of the purchase price, they told ET.Unlike Epic — which is also on the block — the sale of Great Learning is being overseen directly by its founder Mohan Lakhamraju, along with the TLB investors. Byju’s is seeking around $600 million from sale of the…