Chinese hospitality major H World Group sells stake in OYO for Rs ...
23 October 2024
Chinese hospitality major H World Group Ltd is understood to have sold 0.15 per cent stake of OYO for around Rs 75 crore, valuing the Indian hospitality and travel-tech firm at around USD 6.5 billion, according to sources. H World Group (HWG), which held 0.78 per cent shareholding in Oravel Stays Ltd that runs OYO, sold around one crore shares to a clutch of UAE-based family offices and institutional investors in a series of transactions, people in the know of the development said. The transactions, which were done in multiple tranches primarily over the course of 2022, have earned H World Group over Rs 75 crore, they said.
Chinese hospitality major H World Group Ltd is understood to have sold 0.15 per cent stake of OYO for around Rs 75 crore, valuing the Indian hospitality and travel-tech firm at around USD 6.5 billion, according to sources. H World Group (HWG), which held 0.78 per cent shareholding in Oravel Stays Ltd that runs OYO, sold around one crore shares to a clutch of UAE-based family offices and institutional investors in a series of transactions, people in the know of the development said. The transactions, which were done in multiple tranches primarily over the course of 2022, have earned H World Group over Rs 75 crore, they said.
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