India's Ola looks to raise over $500m debt from US investors

Photo: Company website

Bengaluru-based ride hailing and electric vehicle maker Ola is looking to raise over $500 million in debt from US investors in a so-called Term Loan B (TLB) deal, joining technology peers Oyo and Byju’s that have previously tapped this market to raise debt, said two people aware of the development.

Investment banks JP Morgan and Deutsche Bank are advising the company on this fundraise, they added.

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