BlackRock, an investor in Byju's, estimates that its stake of Indian edtech giant, once valued at $22 billion, is now worth nothing.

The Indian company, once valued at $22 billion, is facing legal and financial troubles. HSBC just wrote down an investor's 10% stake to $0.

Worsening legal challenges and severe cash crunch attributed as reasons by HSBC for Prosus' $500 million investment going to zero value in Byju's

In a research note, HSBC estimates that the Indian edtech giant Byju's, once valued at $22 billion, is now worth nothing. HSBC estimates that the Indian edtech giant Byju's, once valued at $22 billion,

This comes at the time of Byju's controversial $200 million right issue at 99% discount to its peak valuation of $22 billion, meaning any investor not investing in the rights issue will see its holding wiped off.