RITESH AGARWAL JAPANESE LENDERS DEBT

Hospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.

Goldman Sachs is likely to convert some of its loan to online pharmacy PharmEasy into equity. Buoyed by binding commitments from existing investors, the epharnacy also plans to pay back a considerable chunk of its debt following the rights issue in ...

The structure being worked out involves part of the funding, $800-$900 million against corporate guarantees of Vedanta Limited (VDL), Agarwal’s flagship listed Indian natural resources conglomerate, for which RBI approval is awaited. The remaining p...

In 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 is expected to receive.

Fidelity, Citadel, Varde Partners & other global investors subscribe to startup's TLB offer

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It is not as if the signs of trouble for the hotel chain have only started now. Trouble had been brewing at Oyo even before the Coronavirus outbreak created a furore across the globe.

The unprecedented move has raised eyebrows due to the massive debt financing raised by the entrepreneur by pledging his shares. Founder & CEO Ritesh Agarwal did not say how he would service the debt. When asked if he would opt to refinance the loan,...

The investment comes a little over a month after the company stated that its founder and group chief executive Agarwal would invest $700 million into the company he founded in 2013, with the rest coming in from SoftBank and other unnamed investors.

Investment to be routed via RA Hospitality and financed by the $2-2.2b debt Oyo CEO had raised.

Ritesh Agarwal plans to undertake a $1.5 bn stock buyback, & pump in an additional $500 mn into OYO.

The firm intends to drive deeper into Europe with the investment that may also see Oyo, through its Oyo Vacation Homes business, take on Airbnb.

Japanese financial groups to fund Oyo founder’s $2-billion share purchase plan.

Oyo boss is set to buy stake from Sequoia, Lightspeed and infuse $700 m in primary investment.

The Cayman island SPV will look to make fresh investments in the hospitality chain.

The move, unprecedented among new-age Indian startups, will help Agarwal raise his stake to around 30%.

For once, India's favourite bankroller is not a Wall Street bank, nor a Swiss or a blueblooded British one.

The National Company Law Tribunal likely to hear matter after Diwali while Ruias weigh caveat option.

A continued increase in service tax over the past few years could have led to tax avoidance by small business owners, leading to more cash transactions.