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Byju's raises debt of Rs2K cr linked to Future Aakash IPO

Byju's raises debt of Rs2K cr linked to Future Aakash IPO https://ift.tt/rZIvQ0j has raised a ₹2,000-crore structured credit transaction from Davidson Kempner Capital. The transaction is a three-year loan facility with an equity upside linked to Aakash's planned IPO, which roughly translates to a 12% annualised fixed coupon rate for the company.
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