MUMBAINEW DELHI, Sept 11 Reuters Indian education giant Byju39;s is looking to sell two companies it acquired in 2021 Great Learning and Epic to raise up to 1 billion in an effort to streamline its businesses and repay lenders, two sources with direct knowledge of the matter told Reuters.

Byju39;s, valued at 22 billion last year, has experienced a series of business crises, including its auditor and board members quitting, and has been negotiating the repayment of a 1.2 billion loan in the last few months.

Backed by investors such as General Atlantic, Prosus and Silver Lake, Byju39;s could also sell more assets in the future to raise cash, both sources said.

A spokesperson for Byju39;s did not immediately respond to a request for comment.

While Epic is a U.Sbased reading platform which Byju39;s acquired for 500 million, Great Learning is an Indian company providing upskilling courses and degrees, which Byju39;s acquired for 600 million.

Byju39;s is expecting up to a billion dollars in total about 400550 million for Epic and 350450 million for Great Learning, part of a business turnaround strategy the second source with direct knowledge said.

Indian business daily Economic Times reported the plan earlier on Monday.

Byju39;s plans to sell the two companies are part of a strategy review to divest from other business lines and focus on its original area of K12 kindergarten through secondary education area, the source said.

Byju39;s has received term sheets to sell…