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Nuvama Wealth acquires shares worth Rs 100 crore in OYO via secondary market: Sources

Nuvama Wealth acquires shares worth Rs 100 crore in OYO via secondary market: Sources

Fri, Dec 13, 2024

According to sources, discussions are also at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in the hospitality major at prices ranging between Rs 53-60 per share in the secondary market, translating to a potential valuation of up to USD 5.2 billion.

Moody's upgrades OYO parent Oravel Stays rating; outlook stable

Moody's upgrades OYO parent Oravel Stays rating; outlook stable

Thu, Dec 05, 2024

Elaborating upon the rating rationale, Moody's said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures.

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

Sat, Sep 21, 2024

Oravel Stays, the parent company of OYO stated that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of Motel 6 and the chain's offshoot hotel brand, Studio 6.

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SEBI takes cautious approach in IPO clearance, returns draft paper of these 6 companies

SEBI takes cautious approach in IPO clearance, returns draft paper of these 6 companies

Sun, Mar 19, 2023

SEBI has asked these companies to re-file their draft red herring prospectus with certain updates. These firms were eyeing to raise at least Rs 12,500 crore

Pics: OYO founder Ritesh Agarwal gets married to Geetansha Sood

Pics: OYO founder Ritesh Agarwal gets married to Geetansha Sood

Wed, Mar 08, 2023

OYO founder Ritesh Agarwal Wedding Images: Several leading personalities attended the wedding reception, including SoftBank CEO Masayoshi Son, founder and chairperson of Bharti Enterprises Sunil Bharti Mittal, founder of Project Guerrilla Dr Ritesh Malik, and others.

Holi 2023: Hotel and flight bookings surge as Holi adds colour to leisure travel

Holi 2023: Hotel and flight bookings surge as Holi adds colour to leisure travel

Wed, Mar 08, 2023

Airfare to popular destinations soared 15%, while train fares on popular routes jumped 10% during the Holi week

OYO founder Ritesh Agarwal invites PM Modi to his wedding

OYO founder Ritesh Agarwal invites PM Modi to his wedding

Mon, Feb 20, 2023

The 29-year-old entrepreneur, accompanied by his mother and fiancée, met PM Modi recently in Delhi to extend a formal invitation.

OYO to submit updated draft papers of IPO with SEBI by February

OYO to submit updated draft papers of IPO with SEBI by February

Thu, Jan 19, 2023

OYO is set to refile its DRHP with stock market regulator SEBI by the middle of February. OYO was asked to refile the DRHP with updates and revisions delaying its target of an early 2023 offering.

OYO writes to NCLT seeking action against 'erring' FHRAI executive committee members

OYO writes to NCLT seeking action against 'erring' FHRAI executive committee members

Fri, Jan 06, 2023

OYO, in its representation to NCLT, alleged that the present members of FHRAI are "fighting tooth and nail to harass, intimidate and harass the entire hotel industry in the country and the FHRAI is being run totally contrary to its aim and objectives as well as its intents".

OYO's IPO Will Be Delayed, SEBI Returns IPO Draft Paper

OYO's IPO Will Be Delayed, SEBI Returns IPO Draft Paper

Wed, Jan 04, 2023

OYO's IPO will be delayed as SEBI returned IPO draft paper. Moreover, SEBI has sought more information from the company. Watch the full news in this video.

OYO saw over 4.5 lakh bookings on New Year's eve: Founder Ritesh Agarwal

OYO saw over 4.5 lakh bookings on New Year's eve: Founder Ritesh Agarwal

Mon, Jan 02, 2023

This is 35 per cent more than last year. We are also seeing the highest bookings per hotel per day for India in the last 5 years," Agarwal informed.

Small towns witness highest increase in room bookings in 2022: OYO

Small towns witness highest increase in room bookings in 2022: OYO

Thu, Dec 29, 2022

While Hyderabad, Delhi, Bangalore, Kolkata, and Chennai are the most booked cities for business travel, OYO said Jaipur, Goa, Kochi, Varanasi and Visakhapatnam topped the charts as favourite leisure destinations in 2022.

OYO launches 'Super OYO' in more than 70 cities in India

OYO launches 'Super OYO' in more than 70 cities in India

Wed, Dec 14, 2022

Consumers can now see hotels marked 'Super OYO' while booking through the OYO App.

OYO to cut 600 jobs, merge product and engineering teams for 'smoother functioning'

OYO to cut 600 jobs, merge product and engineering teams for 'smoother functioning'

Sat, Dec 03, 2022

Ritesh Agarwal, Founder and Group CEO, OYO, said: "We will be doing all that we can to ensure that most of the people we are having to let go, are gainfully employed."

IPO-bound OYO reports Rs 63 crore profit in April-September

IPO-bound OYO reports Rs 63 crore profit in April-September

Mon, Nov 28, 2022

The market regulator had given OYO the permission to submit updated financials before it examined and processed the company's application for IPO (Initial Public Offering).

CCI slaps Rs 392 crore penalty on MakeMyTrip, Goibibo, OYO

CCI slaps Rs 392 crore penalty on MakeMyTrip, Goibibo, OYO

Thu, Oct 20, 2022

MakeMyTrip and Goibibo (MMT-Go) have been asked by the regulator to ensure fair and transparent access to hotels as well as to comply with various directions.

IPO-bound OYO valuation dips in pvt market—Here is why

IPO-bound OYO valuation dips in pvt market—Here is why

Wed, Oct 05, 2022

Last month, in a regulatory filing OYO reported a revenue of Rs 1,459.32 crore in the three-month period ended June 30, 2022.

SoftBank cuts valuation of Oyo to $2.7 billion: Report

SoftBank cuts valuation of Oyo to $2.7 billion: Report

Fri, Sep 23, 2022

The reported valuation cut comes at a time when the hospitality major is eyeing its initial public offering (IPO) in months to come.

OYO IPO plan revived: Company files addendum with SEBI

OYO IPO plan revived: Company files addendum with SEBI

Mon, Sep 19, 2022

OYO's share of the total addressable market in its core growth markets was less than one per cent creating significant opportunities for it to grow its footprint. OYO has significant opportunities as 88 per cent of global hotels are in the unorganised space.

OYO plans 600 new locations in South India by the year-end

OYO plans 600 new locations in South India by the year-end

Tue, Sep 06, 2022

Currently operating around 1350 properties in the southern states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and the Union Territory of Puducherry, OYO aims to increase its storefronts by 500-700 in the region.

OYO expansion plan: Hotel aggregator to add 600 new properties in South India by year-end

OYO expansion plan: Hotel aggregator to add 600 new properties in South India by year-end

Tue, Sep 06, 2022

OYO expansion plan: Currently operating around 1350 properties in the southern states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and the Union Territory of Puducherry, OYO aims to increase its storefronts by 500-700 in the region.

Facing unfair competition from global tech giants: Paytm, Zomato, Oyo and others tell Parliament panel

Facing unfair competition from global tech giants: Paytm, Zomato, Oyo and others tell Parliament panel

Fri, Jul 22, 2022

The Competition Commission of India (CCI) is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices.

NEET 2022: Women candidates can get 60 per cent discount on OYO rooms booking; know how to claim

NEET 2022: Women candidates can get 60 per cent discount on OYO rooms booking; know how to claim

Thu, Jul 14, 2022

The hospitality tech firm announces the discount scheme on Wednesday, valid for two days.

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