byjus: Byju’s creditors onboard Kroll to ‘safeguard’ Great Learning assets

Risk and financial advisory solutions provider Kroll on Wednesday said it has appointed Cosimo Borrelli, its global co-head of restructuring, and Jason Kardachi, its Singapore and Southeast Asia lead, to safeguard the charged assets of Great Learning Education Pte Ltd and Byju’s Pte Ltd.

The appointment was made on behalf of the secured creditors of Byju’s Alpha, as part of the lenders’ exercise of their security rights following defaults by the company, said a statement from Kroll.

“A primary focus of the appointment is to protect and preserve the assets and businesses owned by Great Learning (including its subsidiary, Northwest Education Pte Ltd) and Byju’s Pte Ltd. The operations of Great Learning and Northwest Education are not impacted by the appointment and all courses and programs offered by these businesses continue as usual,” the statement added.

“I am happy to see the Kroll team’s commitment towards Great Learning’s … continued growth and look forward to collaborating with them,” said Mohan Lakhamraju, founder and chief executive of Great Learning.

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