Prism has sought sweeping shareholder approvals to restructure its capital, overhaul its governance framework and authorise a large fresh issue, signalling its most serious push yet to revive Oyo’s long-delayed listing plans.
The German lender is providing a three-year bullet loan of about $150 million
After drawing criticism over its complicated bonus ballot, PRISM, the parent of Oyo, has withdrawn the plan and promised a fresh, transparent version for all shareholders — signalling a course correction before its market debut.
The 29-year-old entrepreneur said it's very hard for people to accept this because, unfortunately, upbringing doesn't teach us that.
Ritesh Agarwal provided insights into the evening, highlighting the exclusively vegetarian dinner served to the delegation. 'One of the most incredible veg spreads at SpaceX. As a vegetarian, I loved it,' he posted on X.
There was a 41 percent spike in traffic at 2 am, the OYO CEO said. This comes a week after OYO completed its acquisition of G6 Hospitality from Blackstone Real Estate for Rs 4,463 crore in an all-cash transaction.
Urvashi Rautela, hailed as India’s youngest superstar and a global icon, is among the highest-paid actresses in the industry. With a massive social media presence exceeding 100 million followers, she ranks as one of the most followed Indian celebrities worldwide.
T20 World Cup 2024: OYO CEO Ritesh Agarwal revealed that the firm had opened a cricket-themed hotel in Bengaluru named CricOtel and felt that the establishment was a true reflection of India's cricketing legacy.
In an X (formerly Twitter) post on Monday, Ritesh Agarwal adviced young founders to make mistakes but not repeat the same mistakes often.
Ritesh Agarwal said he has been to many holy sites and temples this year from Puri to Bhubaneswar and Ayodhya.
OYO founder and CEO Ritesh Agarwal praised Shark Tank India for making fundamental concepts of business easy for the viewers to understand.
Oyo founder and CEO Ritesh Agarwal also wondered if Rana Daggubati could be a judge on Shark Tank India someday.
There have been simmering differences between the judges and the founders who have bagged deals, over issues surrounding delays in deal closure, changing terms, and re-negotiation of valuation.
Ayodhya Ram Mandir inauguration is truly a historic moment, Oyo founder and CEO Ritesh Agarwal said. 'Chants and prayers can be heard as devotees stream in.'
Ritesh Agarwal, who hails from Odisha, said that he wanted to start the 'holy week' with the blessings of Lord Jagannath.
OYO CEO Ritesh Agarwal has been invited to the consecration ceremony of the Ram Temple in Ayodhya on January 22.
The impact of the inaugurations of the new airport and the revamped railway station in Ayodhya was seen the following day when OYO CEO Ritesh Agarwal said that Ayodhya had seen a 70 per cent surge in bookings on New Year's Eve.
The operating partner Last Mile Care successfully runs 13 similar centres across India, including one in Tandipur village in Odisha, which was built in collaboration with OYO Care, OYO's CSR department
Ritesh Agarwal and Geetansha, who met eleven years ago as teenagers, got married in March this year in New Delhi.
The buyback initiative involves the repurchase of 30 per cent of OYO's outstanding Term Loan B (TLB), as per an announcement by the IPO-bound company on the Bloomberg terminal.
Writing on X (formerly Twitter), Ritesh Agarwal shared that his and wife Geetansha were expecting their first child.
OYO founder and CEO Ritesh Agarwal had recently announced joining the popular business reality show Shark Tank India for its third season.
In a video released on X (formerly Twitter), Ritesh Agarwal could be heard talking to movie producer Ronnie Screwvala and sharing a story from his early days of struggle in Delhi.
Writing on Sunday, Ritesh Agarwal shared that during the initial days of OYO, his number was shared listed on the customer care page.
OYO CEO Ritesh Agarwal remembered the early days of his career in a recent interview, opening up about the time he doubled up as cleaning staff when needed.