OYO in talks to buy back $1.5 billion worth shares from early investors Sequoia, Lightspeed
To finance the buyback, Founder and CEO Ritesh Agarwal is in talks to pledge his shares to raise a $2 billion loan. The transaction is expected to propel OYO into the decacorn club.
Last Updated: July 8, 2019 | 16:32 IST
OYO's Founder and CEO Ritesh Agarwal is hoping to bulk up his ownership from the current 10 per cent to around 30 per cent