Ranjan Pai buys out Byju’s Rs 1,400 cr debt with Davidson Kempner

In a Rs 1,400-crore deal, Manipal Education and Medical Group chairman Ranjan Pai has acquired the debt investment of Davidson Kempner in edtech giant Byju’s, according to a report by MoneyControl. The transaction, which concluded on Friday, includes Pai securing a board seat on Byju’s subsidiary, Aakash. This move brings an end to the longstanding disputes between Byju’s and …