Byju’s lenders seek 30% stake in Indian education group in settlement

Byju’s global lenders are in talks to take a roughly 30% stake in ‌one of ⁠its partly-owned education ⁠firms and drop all legal action against the Indian company’s founder Byju Raveendran, two sources with direct knowledge said.

Byju’s operated in more than 21 countries at one point and became popular during the COVID-19 pandemic by offering online courses. But its fortunes changed in early 2023 when the high-profile dispute with its U.S.-based lenders began.