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Moody's has upgraded Oravel Stays' rating to B2 from B3, citing refinancing plans and acquisition of Motel 6. The outlook remains stable. OYO is expected to become free cash flow positive in FY25-26.

BYJU'S founder Byju Raveendran says he's willing to pay back lenders before taking any money, hoping to resolve the company's insolvency proceedings. The edtech firm faces USD 1.5 billion claims...

OYO's EBITDA is projected to surpass Rs 2,000 crore in FY26, fueled by the Motel 6 acquisition, adding over Rs 630 crore to its EBITDA. The travel tech platform is expected to refile its IPO after...

Delaware Supreme Court upholds ruling that BYJU's defaulted on Term Loan B, confirming lenders' right to take action against the edtech firm. The ruling follows BYJU's admission of default and...

US lenders counter BYJU'S founder's claim on debt, demanding full repayment of $1.2 billion Term Loan B. The edtech firm is facing financial troubles and legal actions.

Byju's founder Byju Raveendran says Glas Trust, representing US lenders, may not get any money from the disputed USD 1.2 billion loan due to their actions. The verified debt claim on Byju's is now...

Byju's CEO Byju Raveendran explains why July salaries haven't been paid due to a Supreme Court order on the BCCI settlement. Learn about the ongoing legal disputes and financial challenges facing...

OYO, backed by SoftBank, is reportedly in talks with private investors for an equity raise at a valuation of up to USD 4 billion. The travel tech platform also reported a maiden net profit and...

OYO to refile IPO after refinancing with USD 450 million in dollar bonds. The move follows a debt buyback and aims to improve financials before listing.

Edtech major Byju's denies allegations of siphoning funds from USD 1.2 billion Term Loan B, stating the proceeds are held by its non-US subsidiary. Byju's claims the funds were transferred from...

Byju's has clarified that its subsidiary remains the beneficiary owner of USD 533 million parked in an American investment firm, ahead of a US court hearing on the funds' whereabouts. The edtech...

Investors at Byju's EGM seek to oust founder CEO Byju Raveendran and his family, citing mismanagement. They filed a lawsuit before NCLT.

Byju's shareholders hold an EGM to vote on a resolution to oust founder CEO Byju Raveendran and his family over alleged mismanagement. Investors file suit in NCLT.

Investors of Byju's filed an oppression and mismanagement suit against co-founder Raveendran and others, seeking his removal from the board and a new CEO.

OYO doubles its Profit After Tax in Q3 FY24 and expects continued growth in the upcoming quarters, driven by improved customer experience and favourable market conditions.

BYJU'S is facing an insolvency petition from lenders of its USD 1.2 billion term loan, raising concerns about the edtech giant's financial stability. The company claims the petition is premature...

BYJU's plans to raise funds at a lower valuation of USD 7-8 billion, with a rights issue planned for February to boost liquidity and improve performance. The edtech company is hoping for a higher...

BYJU'S operational loss widened to Rs 6,679 crore in FY22, driven by losses in White Hat Jr and Osmo. The edtech major saw revenue more than double but faces uncertainty over its future.

OYO elevates Rakesh Kumar to Chief Financial Officer, effective January 1, 2024. Kumar has been instrumental in the company's financial stability during the COVID-19 pandemic.