Macquarie Capital is slashing the value of its stake in Byju’s by about 98%, following criticism from Julius Baer Group Ltd. The move comes after Julius Baer accused Macquarie of charging fees based on an outdated valuation. Byju’s, once India’s most valuable tech startup, has seen a significant decline in its market value. This situation highlights the risks associated with private market valuations and the challenges in quickly repricing assets compared to publicly listed stocks. Julius Baer marked down its valuation of the feeder fund by 80% in December due to concerns regarding Macquarie’s position. The issue underscores the importance of maintaining transparency and integrity in investment partnerships.
Macquarie Capital Slashes Byju’s Stake Value by 98%, India
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
