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OYO DEBT
S&P Global revises IPO-bound Oyo parent Prism's outlook to 'Positive'S&P Global Ratings has declared a Positive outlook for Prism, suggesting a promising trajectory for OYO's parent company. This optimistic a...- Zetwerk IPO: Company files confidential papers for Rs 5,000 crore offeringZetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of India for an IPO, and is planning...
- B2B firm Zetwerk eyes Rs 500 crore pre-IPO round at $3 billion valuationManufacturing marketplace Zetwerk is in discussions to raise approximately Rs 500 crore in pre-IPO funding from Bharat Value Fund and HNIs,...
- OYO Assets plans to acquire 12 hotels in next six monthsOYO parent PRISM-backed OYO Assets plans to acquire 12 hotels in H2 of this financial year to expand its premium and mid-premium portfolio,...
- 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...
- Court comes down heavily on Bailiff who sealed Oyo's office, says action is illegalOyo's Ahmedabad office was sealed due to a warrant favoring a hotelier over unpaid dues but was reopened following a court ruling that deem...
- Oyo's GBV reached Rs 10,700 crore in FY24, co reports first time PAT of Rs 229 cr for last fiscalAs per new filings accessed by ET, Oyo's hotel count grew from 12,938 hotels at the end of financial year 2023 to 18,103 at the end of fina...
- Oyo withdraws IPO application, opts for private funding at 70% valuation cutHospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.
- 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 to prepay over Rs 1,600 crore debt via buybackThe move comes on the back of Ritesh Agarwal-led startup reporting its first-ever profit in the second quarter of 2023-24, with a profit af...
- 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...
- SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwindsIn the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it ...
- Oyo aims for India IPO in 2021Internally, the hospitality company has set a timeline of September for filing its IPO prospectus and wants to be a public company before t...
- Eye on revival, Oyo secures $660 million debtFidelity, Citadel, Varde Partners & other global investors subscribe to startup's TLB offer
- Oyo seeks $600 million loan amid virus surgeThe high-profile startup, the first Indian unicorn to seek debt from foreign institutional investors, targets a loan with a five-year tenure
- Why did Oyo founder take a risky $2 billion bet?The unprecedented move has raised eyebrows due to the massive debt financing raised by the entrepreneur by pledging his shares. Founder & C...
- Oyo founder Ritesh Agarwal investing $700 m in $1.5-B fresh roundInvestment to be routed via RA Hospitality and financed by the $2-2.2b debt Oyo CEO had raised.
- SoftBank leads $90 million funding in OyoMop-Up in 2 tranches after investor exits with 240X gains in less than four years
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