KROLL HIRED TO SAFEGUARD CHARGED ASSETS OF GREAT LEARNING, BPL

KUALA LUMPUR, Oct 11 (Bernama) -- Kroll Pte Limited (Kroll) announced that Cosimo Borrelli and Jason Aleksander Kardachi were appointed to safeguard the charged assets of Great Learning Education Pte Ltd (Great Learning) and Byju’s Pte Ltd (BPL).

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

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 (Northwest Education) and BPL.

The operations of Great Learning and Northwest Education are not impacted by the appointment and all courses and programmes offered by these businesses continue as usual.

Great Learning Founder and Chief Executive Officer, Mohan Lakhamraju continued his leadership of the Great Learning business and management team.

“I am happy to see the Kroll team's commitment towards Great Learning's high quality education and continued growth and look forward to collaborating with them towards the realisation of our mission of enabling career success through transformative learning,” said Lakhamraju.

Kroll is working closely with the management of Great Learning and Northwest Education to ensure the continued delivery of high-quality learning experiences and is committed to the smooth operations and continued growth of their business.

Kroll is the world’s premier provider of services and digital products related to valuation, governance, risk and transparency.

-- BERNAMA