Federation of Hotel & Restaurant Associations of India on Tuesday said it has written to Sebi to stop OYO from launching its IPO in the wake of a penalty assessed by the Competition Commission of India on the hospitality and trip- tech establishment for illegal business practices. OYO, still, said
Around two weeks after OYO refuted claims of SoftBank reportedly lowering its valuation, the IPO- bound company’s valuation in the private request has dropped to around $6.5 billion, news agency PTI reported citing assiduity players. On September 22, Bloomberg reported that Softbank — OYO’s largest investor — had lowered the
Hospitality establishment Oyo has reported profit from operations of Rs 1459.3 crore in first quarter of the fiscal time 2023 as per an addendum filed with Sebi. Its restated loss for the quarter from continuing operations was at Rs 414 crore, indeed as the company claimed it was its demoiselle
Oyo aforesaid on Tuesday it’s finished the acquisition of Europe-based vacation homes operator Bornholmske Feriehuse through its subsidiary DanCenter. The move is an element of its endeavour to expand as a full-stack vacation homes supplier, it said. Bornholmske Feriehuse, primarily based out of Bornholm Island in Denmark, has quite 700
IPO bound Oyo has received in-principle approval from both the Indian stock exchanges NSE and BSE to list on the respective bourses subject to adequate disclosures to be made in the offer document. The company had filed its Draft Red Herring Prospectus (DRHP) with Securities & Exchange Board of India
Oyo Hotels is eyeing a valuation of about $9 billion (Rs 66,700 crore) in its initial public offering after preliminary conversations with potential investors. The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year. The
