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Byju’s expects liquidity crisis to ease in 45-60 days; to close FY23 audit soon
![IndiaTimes]()
Tuesday, 5 December 2023
Byju's expects the liquidity crisis to ease in 45-60 days and aims to close the FY23 audit. The term loan B litigation is being resolved through negotiations with lenders, which should be resolved after the sale of Epic. Byju's is trying to raise $400 million through the sale of Epic and has put other assets like Great Learning on the block. Resource optimizations are needed to achieve profitability. Byju's tuition centers are expected to generate cash profitably.
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Tuesday, 5 December 2023
