Byjus proposes sale of overseas units to repay USD 1.2 billion loan

Ed-tech titan Byjus is looking to sell its overseas ventures Epic and Great Learning to pay back its entire USD 1.2 billion (Rs 9,956 crore) loan to lenders, a source familiar with the matter said.

The ed-tech decacorn has been in discussions with the lenders and has made a proposal to clear its Term B loan, the source said.

Byju’s hopes to garner between USD 800 million to USD 1 billion from the sale of Epic, the US-based kids learning firm, and Great Learning – the upskilling platform.