Searched for
OYO FINANCIAL RESTRUCTURING
Oyo parent Prism Hotels receives Sebi nod for IPOPrism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds fo...- Oyo puts off third IPO attempt after SoftBank takes issueOyo Hotels has postponed its India listing plans for October. SoftBank disagreed with the IPO plan, asking for stronger earnings first. Oyo...
- Oyo speeds up IPO plans as founder’s debt repayment date loomsOyo Hotels is accelerating its IPO plans as a significant debt repayment deadline looms. Creditors demand founder Ritesh Agarwal settle $38...
- PharmEasy to formally discuss IPO plans with its board in second trySources told ET that online pharmacy startup PharmEasy could hit the bourses this year, two years after its previous attempt. The company w...
- Hospitality startup Oyo readying to file IPO papers in first quarterAfter two previously shelved attempts, the hospitality company Oyo is reviving its initial public offering (IPO) plans, aiming to file draf...
- Sidbi’s new secondaries fund; Oyo’s IPO plansHappy Monday! The central government is planning a new secondaries fund. This and more in today’s ETtech Morning Dispatch.
- Deutsche Bank to refinance Oyo's Term Loan BOyo is refinancing its $450 million debt and adding $375 million to acquire G6 Hospitality. Moody's upgraded Oyo's rating to B2, projecting...
- Oyo posted Rs 229 crore net profit in FY24, claims founder Ritesh AgarwalIn May, Agarwal had posted on X that the January-March quarter of 2024 was Oyo’s eighth consecutive quarter of positive Ebitda, while provi...
- 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 finalises Rs 1,000 crore fundraise from Indian family officesOyo fundraise: Hospitality startup Oyo is raising around Rs 1,000 crore from family offices and investors. The fundraise aims to value Oyo ...
- Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore fundingZomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on thi...
- Byju’s elevates Jiny Thattil to CTO replacing Anil GoelJiny Thattil, had been serving as a senior vice president of engineering of Epic, an acquired business of the Bengaluru-headquartered major.
- Oyo founder Ritesh Agarwal gets easier terms for 2019 share buybackThe revised conditions include a reduced quasi-equity component of $950 million, down from $1.8 billion previously, due to an $850 million ...
- SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: SourcesThe hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-hal...
- Expecting a long lull due to Covid-19, Oyo gives pink slips to US staffThe job cuts have come amid the Covid-19 outbreak, which has caused more than 10,000 deaths in the US so far, crippled businesses and led t...
- Oyo to sack 5,000 worldwide as business catches a coldThe Covid-19 outbreak, which has ravaged the world's second-largest economy, has hit the hotel room aggregator's operations in China, Oyo g...
- Layoffs, rejig one-time exercise, will be over soon: Oyo CEOOyo is asking about 20% of its 12,000 employees to go, but this will end very soon, according to Oyo's CEO.
- SoftBank-backed Oyo lays off thousands across India, ChinaSoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
- Oyo parent Oravel sets up 2 JVs with SoftBank's SB TopazOyo has also been contemplating setting up a global hospitality property fund that will acquire properties across markets and lease those t...
- PE firm Avigo capital to take over Spykar LifestylePrivate equity firm Avigo Capital has brought in Metmin Investments as a copartner to acquire a controlling stake in Spykar Lifestyle, reve...
Load More
