For the best experience use Mini app app on your smartphone
OYO rushes for IPO as founder's debt repayment date nears: Report
short by Vaishnavi Mishra / on 04 Mar 2025,Tuesday
OYO has accelerated plans for its maiden public offering as year-end deadline for founder Ritesh Agarwal's $383 million debt repayment approaches, reported Bloomberg. The creditors have insisted on payment of loan if the startup doesn't go for a public listing by October. Lenders want clear visibility on Agarwal’s liquidity plans allowing founder to delay repayment until 2027, reports said.
short by Vaishnavi Mishra / 10:03 pm on 04 Mar
For the best experience use inshorts app on your smartphone