:
OYO promotes Kumar to deputy CFO position
Reading Time: 2 minutesIndia: Hospitality chain OYO has promoted Rakesh Kumar to the role of deputy chief financial officer [deputy CFO] ahead of its long-anticipated initial public offering [IPO], which could close before the end of 2023.
OYO undergoes senior management reshuffle ahead of IPO
Reading Time: 2 minutesIndia: Hospitality chain OYO has undergone a major overhaul of its senior management team led by founder and CEO, Ritesh Agarwal, ahead of the company’s proposed IPO.
OYO secures $660m loan after “strong” investor interest
Reading Time: 2 minutesIndia: Softbank-backed hospitality chain OYO has secured a $660 million loan from global institutional investors, claiming that the offer was oversubscribed by 1.7 times. The deal came in the form of a Term Loan B [TLB], or institutional term loan, including nominal repayment over five to eight years, and was arranged predominantly by JP Morgan, Deutsche Bank, and Mizuho […]