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Byju’s lenders seek quicker part-payment of $1.2b loan

  Bloomberg A group of creditors to Byju’s, India’s most valuable startup, has asked the company to immediately repay part of a $1.2 billion loan they recently bought into as they renegotiate terms of the debt, according to people familiar with the matter. The lenders have hired Houlihan Lokey Inc to advise them on amending covenants after the edtech titan ...

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GIC-backed unicorn in talks to acquire Foodpanda in Thailand

  Bloomberg Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions. Bangkok-based Line Man Wongnai considered a deal at around $100 million at one point, but the value is likely to have changed ...

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Japan to boost limit on ‘tax-free accounts’

  Bloomberg Japan is set to increase the annual limit on tax-free investment accounts aimed at the middle classes and raise taxes on ultra-wealthy individuals, as PM Fumio Kishida pursues his agenda of fairer distribution of the fruits of growth. The revamped NISA tax-exempt system will expand the amount that people may invest over a lifetime to Â¥18 million ($131,000), ...

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