By Express News ServiceBENGALURU: Edtech major Byju’s has settled its long-standing dispute with investment management firm Davidson Kempner. It is said of the Rs 1,400 crore, Rs 800 crore is the loan amount and the remaining is interest. Pai invests Rs 1,400 croreThe family office of Ranjan Pai, Manipal Education and Medical Group Chairman, has invested Rs 1,400 crore in edtech firm’s subsidiary Aakash Education Services to clear its debt to Davidson Kempner. It is said of the Rs 1,400 crore, Rs 800 crore is the loan amount and the remaining is interest. Pai invests Rs 1,400 crore The family office of Ranjan Pai, Manipal Education and Medical Group Chairman, has invested Rs 1,400 crore in edtech firm’s subsidiary Aakash Education Services to clear its debt to Davidson Kempner.

Source: Indian Express November 11, 2023 14:13 UTC