Friday, May 03, 2024
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Term Loan B

These lenders together own 85 per cent of the $1.2 billion Term B loan

The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future

In the past two years, the company has cut more than 3,000 jobs in separate rounds

The Indian edtech major has also accused the investment firm of leading a group of lenders to play predatory tactics against the company