OYO seeks $600 Mn loan to tide over pandemic losses, slowdown amid second wave of Covid
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Indian hospitality giant OYO is reportedly raising $600 Mn (approximately INR 4500 Cr) from foreign institutional investors, as it looks to bounce back after another slowdown due to the devastating second wave of Covid-19 in India. Gurugram-headquarted OYO is said to have approved a plan for an institutional term loan this week, with Term Loan B or TLB offer being open to institutional investors for two weeks till June 2, 2021.