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OYO Rooms: Oyo is raising a loan that's seen as a precursor to listing


Oyo is raising a loan that’s seen as a precursor to listing
Oyo s loan is open to institutional investors for two weeks with a June 2 application deadline, according to a Bloomberg report.
Synopsis
Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance, in a move that can be seen as a precursor to listing of a company.
New Delhi: SoftBank-backed Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance in a move that can be seen as a precursor to the listing of a company. ....

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