Byju’s Steering Commitee Agrees to Extend Cooperation Agreement

A steering committee of lenders to Byju’s has agreed to extend a cooperation agreement by at least three months, according to people familiar with the situation.

• The cooperation agreement, which binds lenders to act together in negotiations, was set to expire in early July, said the people, who asked not to identified because the matter is private
• The proposed agreement will be distributed to the broader group of lenders for their consents, they said
• Messages left with Byju’s were not returned
• The Indian startup has been holding one-on-one meetings with some creditors after skipping a payment on a dollar loan ...