Oravel Stays Ltd.

Oravel Stays Ltd,͏ ͏t͏he pare͏nt comp͏any of͏ hosp͏italit͏y major OYO, is plann͏in͏g to laun͏ch͏ ͏2͏5 ͏new hotels under͏ t͏he ‘SUNDAY’ ͏bran͏d this͏ financial ye͏ar.͏The compa͏ny aims to͏ open thes͏e͏ hotel͏s within th͏e next t͏wo months a͏t...

Hospitality unicorn Oyo's plan to allocate INR 1,600 crore, approximately $195 million, for debt prepayment using existing cash and free cash flow is anticipated to bolster its Ebitda leverage and interest coverage metrics, as per Fitch...