By M. Sriram and Aditya Kalra
MUMBAI/NEW DELHI (Reuters) – Indian education giant Byju’s is looking to sell two companies it acquired in 2021 – Great Learning and Epic – to raise up to one billion dollars in an effort to streamline its businesses and repay lenders, two sources with direct knowledge of the matter told Reuters.
Byju’s, valued at $22 billion last year, has experienced a series of business crises, including its auditor and board members quitting, and has been negotiating the repayment of a $1.2 billion loan in the last few months.
A spokesperson for Byju’s did not immediately respond to a request for comment.
(Reporting by M. Sriram; editing by David Evans)
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