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HSBC Writes Down Byju's, Once $22B Indian Edtech Giant, to Zero
HSBC said in a note to clients that it was downgrading Prosus's 10% stake in Byju's, once the most valuable Indian startup, to zero.
HSBC said in a note to clients that it was downgrading Prosus’s 10% stake in Byju’s, once the most valuable Indian startup, to zero. “We assign zero value to Byju’s stake amid multiple legal cases and funding crunch,” the bank said.
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