Manipal Hospital founder is in talks to offer Rs. 300 Crore financial support to Byju’s parent, aiding a larger deal.
Ranjan Pai's total investment could reach $300 million if the deal falls into place.
Amid financial troubles. ₹300 crore in short-term financing can bolster Byju’s cash flow and working capital needs.
Byjus trims senior management and staff to optimize working capital requirements.
The transaction involves Aakash’s founders exchanging shares with Think & Learn, potentially raising the stake to 51%.
Efforts are underway to settle a $1.2 billion overseas loan, exploring asset sales for repayment.