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Podcast: The Morning Brief
Episode: Who will Buy Bankrupt Byju’s?
Description: Byju’s, once India’s biggest edtech success story, is now fighting for survival. Its parent company, Think & Learn, has run out of money and is undergoing insolvency. That means its key assets including Aakash Educational Services and Great Learning are up for sale. Two big names are now competing for pieces of the company: Ranjan Pai, who already owns a majority stake in Aakash after converting debt to equity, and Ronnie Screwvala’s UpGrad, which is interested in Great Learning and other strong-performing units. But the final decision isn’t theirs. It lies with Glas Trust, the US lenders...