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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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OYO IPO: Hospitality firm plans IPO after September, may settle for lower valuation

OYO IPO: Hospitality firm plans IPO after September, may settle for lower valuation

Tue, May 24, 2022

The hospitality and travel-tech firm has written to stock market regulator Sebi, seeking to file updated and restated consolidated financial information.

OYO Free Stay: Indian hotel rooms aggregator announces a free stay but this is the basic rule to avail offer

OYO Free Stay: Indian hotel rooms aggregator announces a free stay but this is the basic rule to avail offer

Fri, May 20, 2022

Indian hotel rooms aggregator OYO announced on Friday said that after five nights, customers will be eligible for a free stay.

Is IPO-bound OYO being able to retain customers?

Is IPO-bound OYO being able to retain customers?

Fri, Feb 18, 2022

Back then, with 102,000 bookings, the Gurugram-headquartered travel tech platform clocked about 20 per cent bookings vs what it accomplished during 2021 New Year's Eve.

OYO ropes in former SBI chairman Rajnish Kumar as strategic group advisor

OYO ropes in former SBI chairman Rajnish Kumar as strategic group advisor

Thu, Dec 02, 2021

Global travel technology platform OYO on Thursday announced the appointment of Rajnish Kumar, former Chairman of State Bank of India (SBI), as its strategic group advisor

India's Zostel asks regulator to reject SoftBank-backed Oyo's IPO filing

India's Zostel asks regulator to reject SoftBank-backed Oyo's IPO filing

Tue, Oct 12, 2021

Zostel said Oyo`s capital structure was not final and that its draft prospectus filed with the Securities and Exchange Board of India (SEBI) was "replete with material omissions," showed a copy of a letter Zostel sent to SEBI, seen by Reuters.

OYO IPO: Want to bid for shares? Understand DRHP filed with SEBI in top 15 points - Decoded

OYO IPO: Want to bid for shares? Understand DRHP filed with SEBI in top 15 points - Decoded

Mon, Oct 04, 2021

Here are top things to know about OYO IPO from DRHP filed with SEBI:-

Oyo IPO: SoftBank-backed hotel aggregator files draft papers for $1.14 billion initial public offering

Oyo IPO: SoftBank-backed hotel aggregator files draft papers for $1.14 billion initial public offering

Fri, Oct 01, 2021

SoftBank-backed Indian hotel aggregator Oyo filed for a $1.14 billion initial public offering (IPO) on Friday, becoming the first hospitality company in the country to seek a domestic stock listing since 2019.

SoftBank-backed Oyo to file for $1.2 billion IPO next week - source

SoftBank-backed Oyo to file for $1.2 billion IPO next week - source

Thu, Sep 23, 2021

SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday.

Regulatory filing ALERT! IPO-bound OYO to become public limited company

Regulatory filing ALERT! IPO-bound OYO to become public limited company

Tue, Sep 14, 2021

Subject to receipt of any necessary approvals from any government, statutory or regulatory authority, the name of the company be and is hereby changed from Oravel Stays Private Limited to Oravel Stays Ltd, as per a Registrar of Companies (RoC) filing by the company

Microsoft, OYO in strategic alliance to co-develop travel, hospitality products, technologies

Microsoft, OYO in strategic alliance to co-develop travel, hospitality products, technologies

Thu, Sep 09, 2021

Microsoft has also made a strategic equity investment in OYO, it added

OYO to hire over 300 tech professionals to expand tech, product teams

OYO to hire over 300 tech professionals to expand tech, product teams

Thu, Aug 19, 2021

OYO is looking to hire over 300 technology professionals across entry-level to senior leadership roles during the next six months.

BIG DEVELOPMENT! Microsoft to invest in OYO before its potential IPO

BIG DEVELOPMENT! Microsoft to invest in OYO before its potential IPO

Fri, Jul 30, 2021

Satya Nadella-run Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel chain OYO at a valuation of $9 billion, as the hospitality chain is planning a potential initial public offering (IPO) soon, sources said on Friday.

OYO raises USD 660 mn term loan funding from global institutional investors

OYO raises USD 660 mn term loan funding from global institutional investors

Fri, Jul 16, 2021

OYO has raised TLB funding of USD 660 million (nearly Rs 4,920 crore) from global institutional investors and the capital will be used for paring debt and other business investments.

Bereavement support for Covid-hit families: THIS company offers 8 months' salary, term insurance payout, free education for children and more

Bereavement support for Covid-hit families: THIS company offers 8 months' salary, term insurance payout, free education for children and more

Thu, May 20, 2021

OYO has announced a slew of welfare benefits for the families of its employees, deceased due to Covid-19, as a part of its bereavement support.

OYO lays off around 300 employees

Tue, Dec 08, 2020

Hospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according?to sources in know of the matter.

Ritesh Agarwal: OYO has close to USD 1 billion to fund operations

Tue, Dec 01, 2020

Hospitality firm OYO is recovering from the impact of the COVID-19 pandemic and has around USD 1 billion to fund operations. This was revealed by OYO Founder and Group CEO Ritesh Agarwal.

Full salary restored! Good news for employees for this company amid COVID-19

Full salary restored! Good news for employees for this company amid COVID-19

Wed, Aug 05, 2020

It's a good news for employees of OYO as hospitality firm has confirmed that it is restoring the full salaries of staffers in India and South Asia.

Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation

Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation

Tue, Mar 31, 2020

Apollo said that it has launched 'Project Stay I' with 500 rooms in select hotels across the country in the first phase with light medical supervision for quarantine.

Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner

Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner

Thu, Feb 27, 2020

Hurun Rich List 2020: Oyo Hotels founder Ritesh Agarwal is now the world's second-youngest billionaire with an estimated wealth of $1.1 billion ( Rs 7,800 crore), according to the Hurun Global Rich List 2020.

OYO sales hit $604 mn, losses down to 14% in FY2019

OYO sales hit $604 mn, losses down to 14% in FY2019

Mon, Feb 17, 2020

"While consistently improving operating economics in mature markets like India where it`s already seeing an improvement in gross margins, the company is determined to bring in the same fiscal discipline in emerging markets in the coming financial year,a OYO said.

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