July 19, 2019

Oyo Hotels IPO in 2/3 Years ?

The buyback is a part of larger fund raise plan, including a public offering. Earlier this month, Mint reported that Oyo, India’s most valuable hotel chain, is preparing for an initial share sale in the next two-three years. “The buyback is thus a part of the plan to have SoftBank, the founder and one more investor," said Vivek Durai, founder of business signals platform Paper.vc. SoftBank is Oyo’s largest shareholder with over 45% stake.

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