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Nuvama Wealth and Investment Limited has acquired shares worth 100 crore in OYO's parent company Oravel Stays Limited at ₹53 apiece, on behalf of its investors, a number of family offices, in a secondary market deal, PTI reported. Nuvama Wealth and Investment Limited paid ₹ 53 per share for shares worth ₹ 100 crore in Oravel Stays Limited, the parent …

Pti Shares Oyo Nuvama Wealth Worth 100 Oravel Stays Limited

Oravel Stays, the parent company of the global travel technology firm OYO, announced on Saturday that it is acquiring US-based G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash deal. G6 Hospitality, a leading economy lodging franchisor, is the parent company of the well-known Motel 6 and Studio 6 brands. The franchise network of Motel 6 generates …

M3M India and Oravel Stays collaborate to launch SUNDAY branded hotel in Gurugram

Gurugram-based M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, a global hospitality technology company, have signed a Memorandum of Understanding to launch the premium SUNDAY hotel. M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, have signed a Memorandum of Understanding to launch the premium SUNDAY Hotel in India. The hotel-cum-residences …

Oravel Stays Ltd, the parent company of OYO, has raised ₹1,457 crore from a consortium of investors in the latest funding round, sources said. OYO has raised ₹ 1,457 crore from a consortium of investors in the latest funding round The IPO-bound unicorn has raised nearly ₹1,040 crore in the Series G funding round. The investment is being made through …

OYO parent Oravel joins Japan’s SoftBank to launch luxury hotel chain ‘Sunday’

Japanese technology investor SoftBank and Oravel, the parent company of OYO, have come together to establish a joint venture to launch a premium hotel chain in India. The joint venture named as Mountainia, plans to introduce 5-star and 4-star hotels under the brand name 'Sunday' in rapidly growing Tier II Indian cities. The Japan-headquartered global conglomerate, SoftBank and Oravel Stays …

Oravel

Oravel Stays - which operates hospitality tech firm OYO - on Friday pre-filed its Draft Red Herring Prospectus with stock market regulator Sebi, sources said. Sources close to the company told PTI OYO may launch its initial public offering around Diwali this year. This route also provides flexibility to change primary issue size by 50 per cent till the Updated …