OYO raises $660 million in debt to revive from pandemic blows
Shortpedia
Content Team
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OYO on Friday announced that it has raised a TLB funding of $660 million from global institutional investors. A company statement said that the offer was oversubscribed by 1.7 times and the company received commitments of close to $1 billion from leading institutional investors. The deal was upsized and increased by 10 per cent to $660 million as the company's fundamentals yielded strong interest from investors despite the virus surge.
