Technology

⚡Edtech Company Byju’s Says Didn’t Siphon Off Funds, USD 533 Million With Our 100% Non-US Subsidiary

By IANS

US-based hedge fund manager Camshaft Capital is no longer managing the funds which are part of $1.2 billion Term Loan B (TLB), the company said in a statement. Camshaft has disclosed in court filings that $533 million it managed for Byju’s Alpha, a US unit of Byju’s, was transferred to another 100 per cent and US-based subsidiary of Byju’s.

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