DRHP

OYO withdraws DRHP, to refile IPO post refinancing

Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its debt amounting to INR 1,620 crore through a buyback process. The buyback involved repurchasing 30 per cent of its outstanding Term Loan B of USD 660 million. The move brought down its outstanding loan amount to around USD 450 million.