OYO Races To IPO As Founder Ritesh Agarwal’s Debt Deadline Nears: Report

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SUMMARY

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…



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OYO Races To IPO As Founder Ritesh Agarwal’s Debt Deadline Nears: Report


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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