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Oyo Hotels Speeds Up Listing Plans
Mint Hyderabad
|March 05, 2025
Oyo Hotels is speeding up plans for an initial public offering (IPO), as an important year-end debt repayment deadline approaches.
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Creditors, including Mizuho Financial Group Inc., insist that founder Ritesh Agarwal pay off the dues for $383 million he borrowed—part of a multibillion-dollar loan package—if the startup doesn't have an IPO by October, people familiar with the matter said.
This story is from the March 05, 2025 edition of Mint Hyderabad.
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