News > OYO's Singapore arm secures $200 million SoftBank loan
OYO's Singapore arm secures $200 million SoftBank loan
The Free Press Journal | 11/03/2021 09:22 AM | Click to read full article
A regulatory filing showed that OYO Hotels (Singapore) Pte Ltd has secured a loan of $200 million from SB Investment Holdings (UK), an affiliate of SoftBank Vision Fund, for enhancing liquidity through the pandemic and strengthening its balance sheet. The transaction was planned for 2020 and is being consummated now.
OYO has started recording steady signs of recovery across the globe led by its business in India, Europe, and Southeast Asia while sustaining its gross margin to 100 percent of pre-COVID levels.
