Financial firm HSBC has cast serious doubt on the future of Indian edtech giant Byju’s, assigning zero value to Prosus’ nearly 10% stake in the company. This harsh assessment comes amidst Byju’s ongoing legal battles and deepening financial woes. Prosus is a Dutch-listed technology investment company. In a note to investors, HSBC highlighted multiple factors contributing to their bleak outlook.Previously, they valued the stake at a significant discount, reflecting concerns. Now, legal entanglements and a cash crunch paint a much grimmer picture.Prosus, a major Byju’s investor with a $500 million stake, is locked in legal battles on mul
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