Oyo talking to Apollo for $660 million refinance as IPO delayed

Oyo Hotels is reportedly in discussions with Apollo Global Management to refinance its $660 million loan as it seeks more time to reduce its debt. The parent company, Oravel Stays, is seeking to extend the loan’s maturity to five years from the existing 2026 deadline. The talks come after Oyo reported its first annual profit and as Fitch Ratings predicts improved earnings.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News