Indian edtech company Byju's is in negotiations with New York-based investor Davidson Kempner Capital to settle a dispute over a loan covenant breach related to Byju's subsidiary, Aakash Institute. Concerns about shortages and price increases have led to increased demand for laptops and tablets in India following the government's decision to restrict their free import. Paytm founder Vijay Shekhar Sharma has reduced the shareholding of Ant Financial in the company through a deal that gives him more control.
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