Thursday, 16 November, 2023
OYO Initiates Rs 1,600 Crore Debt Prepayment through Buyback
Hospitality startup OYO embarks on a significant debt prepayment strategy, aiming to buy back debt worth over Rs 1,600 crore. It outlines OYO's financial move to alleviate debt concerns, providing insights into the company's debt management and financial restructuring efforts. This buyback initiative signals OYO's commitment to strengthening its financial position and optimizing its capital structure in the competitive landscape of the hospitality and tech industry.