InvestorQ : Has Byju’s managed to make the payment to Blackstone that was due on Friday?
Debbie Mascarenhas made post

Has Byju’s managed to make the payment to Blackstone that was due on Friday?

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Arti Chavan answered.
2 months ago
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Byju’s has confirmed that as of 23rd September, it had cleared all dues Blackstone Group as payment for acquisition of Aakash Educational Services. Byju’s had bought Aakash Education Services in April 2021 for $950 million in a cash and stock deal. However, the payment to stakeholder, Blackstone, had been delayed.

However, Byju’s has not disclosed the exactly amount that it has paid to Blackstone and even Blackstone has been unwilling to comment on record. It just announced FY21 results where its net loss had widened sharply to Rs4,589 on account of a change in revenue recognition methodology.

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