OYO Races To IPO As Founder Ritesh Agarwal’s Debt Deadline Nears: Report

OYO Hotels is reportedly expediting its initial public offering (IPO) plans as founder Ritesh Agarwal faces pressure from creditors over looming debt repayment

Agarwal borrowed $2.2 Bn in 2019 to increase his stake in the company and gain more strategic control

The multibillion-dollar loan package was restructured in 2022, and the OYO chief has yet to clear the first installment

OYO Hotels is reportedly expediting its initial public offering (IPO) plans as founder Ritesh Agarwal faces pressure from creditors to clear…