Byju's Confirms Beneficial Ownership of $533M Despite Transfer from Camshaft Hedge Fund
• Camshaft disclosed in court that $533M it managed for Byju's unit was transferred to another Byju's subsidiary, Inspilearn LLC
• Camshaft said neither Byju's nor affiliates are limited partners in the hedge fund
• Byju's said Camshaft's disclosure confirms it remained beneficial owner of the funds
• Camshaft attracted attention last year when lenders claimed $533M was collateral for $1.2B they lent Byju's
• Byju's is in a legal battle with some shareholders trying to revoke a rights issue; a few investors blocked funds raised, affecting employee salary payments