Nuvama Wealth acquires shares worth ₹100 crore in Ritesh Agarwal's OYO
1 week, 2 days ago

Nuvama Wealth acquires shares worth ₹100 crore in Ritesh Agarwal's OYO

Hindustan Times  

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 business of OYO, on behalf of its investors, a number of family offices. "These shares are being offered by OYO's early investors, presenting an opportunity for partial exits while potentially introducing new strategic investors to the company's cap table," PTI reported citing sources A capitalisation table, often known as a cap table, is a table-like document that lists the owners of a business. In addition to maintaining the stable outlook, Moody's Ratings improved the corporate family rating of OYO's parent company, Oravel Stays Limited, the travel tech platform, and the rating on the senior secured term loan issued by its wholly-owned subsidiary, OYO Singapore, from B3 to B2.

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History of this topic

Nuvama Wealth Soars 77% to Rs 258 Crore, AUM Soars to Rs 4.4 Trillion Mark
1 month, 4 weeks ago

Nuvama Wealth Soars 77% to Rs 258 Crore, AUM Soars to Rs 4.4 Trillion Mark

New Indian Express  

Nuvama Wealth Management's net income soars 77% to Rs 258 crore, with revenue from wealth and asset management businesses surging by 24%. The company's consolidated revenue rises by 50%, with wealth management AUM crossing the Rs 3 trillion mark, while asset management and services reach new heights of Rs 10,000 crore and Rs 1.25 trillion respectively.

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