OYO Hotels is reportedly expediting its initial public offering (IPO) plans as founder Ritesh Agarwal faces pressure from creditors over looming debt repayment
Agarwal borrowed $2.2 Bn in 2019 to increase his stake in the company and gain more strategic control
The multibillion-dollar loan package was restructured in 2022, and the OYO chief has yet to clear the first installment
OYO Hotels is reportedly expediting its initial public offering (IPO) plans as founder Ritesh Agarwal faces pressure from creditors to clear…