75% OYO parent IPO proceeds to pare debt.

Mint featured our partner, Archana Balasubramanian who commented: “The most sensitive is usually the financial covenant package: loan-to-value or security-cover ratios tied to the value of the pledged shares, where a fall in implied value can require a top-up or trigger acceleration without any payment default at all”, in its story titled 75% OYO parent IPO proceeds to pare debt.

Read here: https://www.livemint.com/companies/75-oyo-parent-ipo-proceeds-to-pare-debt-hospitality-prism-oravel-ritesh-agarwal-11782826168713.html?shem=rimspwouohe