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OYO FITCH RATING
Fitch revises PRISM’s outlook to positive, cites improving leverage and stronger cash generationFitch Ratings has revised Oyo parent PRISM’s outlook to Positive from Stable while affirming its ‘B’ ratings, citing improving leverage, st...- Oyo to use fresh funds for ‘enhanced business plan’ and global pushOyo's shareholder approval includes issuing Series G CCCPS shares, as per the scrutiniser's report, to raise funds and increase authorized ...
- Oyo gets shareholder nod to raise Rs 417 crore via preference sharesMoody’s projects Oyo's EBITDA to reach $125 million in FY 2024-2025, inclusive of ESOP expenses. This outlook underscores the company's com...
- Oyo's funding to finance global expansion, acquisitions: filingsET reported on June 20 that Oyo has received shareholder approval for raising Rs 416.85 crore through preference shares in an extraordinary...
- Oyo posts maiden annual net profit of Rs 100 crore in FY24: founder Ritesh AgarwalOyo reported its first profitable fiscal year in 2023-24 with a net earning of nearly Rs 100 crore. Founder Ritesh Agarwal highlighted grow...
- Oyo’s maiden annual profit; RBI guidelines for fintech SROIn a significant turnaround, hospitality startup Oyo reported its first annual profitable fiscal on Thursday. This and more in today’s ETte...
- We had our maiden net profitable financial year at nearly Rs 100 cr: Oyo founder Ritesh AgarwalAgarwal had shared with employees in February that it has doubled its profit after tax (PAT) sequentially in quarter three of financial yea...
- Oyo approaches SEBI to expedite IPO approvalOyo is keen to expedite its IPO approval and is said to have informed the regulator about a partial prepayment of $200 million of Oyo's out...
- Oyo clocks Rs 30-crore profit in Q3FY24, founder Ritesh Agarwal tells employeesPeople familiar with the matter said Agarwal stated that in the upcoming quarters, it anticipates a consistent rise in PAT, driven by ‘enha...
- Oyo elevates Rakesh Kumar as chief financial officerBefore joining Oyo, Kumar worked with EY, where he contributed to a wide array of services, including statutory audits, tax audits, IFRS co...
- Oyo talking to Apollo for $660 million refinance as IPO delayedOravel Stays Pvt, as Oyo’s parent company is known, is seeking to extend maturity to five years compared with the existing 2026 deadline, o...
- Fitch revises outlook on Oyo's IDRs to positive from stableFitch said it has also affirmed the rating on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subs...
- Fitch revises Oyo's outlook to 'positive', affirms ratingsFitch affirmed the ratings on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subsidiary, Oravel S...
- Ola’s Twitter ambition; crypto bill may skip budget sessionOla Electric is taking the Tesla route to build a Twitter community. The government is awaiting RBI's pilot on digital currency before deci...
- Microsoft finalises strategic investment in Oyo at $9 billion valuationSources told ET that the global technology major will initially buy a small stake, but it has the option to raise ownership later.
- Eye on revival, Oyo secures $660 million debtFidelity, Citadel, Varde Partners & other global investors subscribe to startup's TLB offer
- Consumer food brands need to find another way homeAs online marketplaces and e-grocers such as Amazon and BigBasket focus primarily on large FMCG brands and push their own private labels, n...
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