Nuvama Wealth acquires shares price ₹100 crore in Ritesh Agarwal’s OYO
Nuvama Wealth and Funding Restricted has acquired shares price 100 crore in OYO’s father or mother firm Oravel Stays Restricted at ₹53 apiece, on behalf of its traders, plenty of household places of work, in a secondary market deal, PTI reported.
The journey tech unicorn’s shares, which have been offered for ₹53 every, are valued at USD 4.6 billion.
“These shares are being provided by OYO’s early traders, presenting a chance for partial exits whereas doubtlessly introducing new strategic traders to the corporate’s cap desk,” PTI reported citing sources
A capitalisation desk, usually often called a cap desk, is a table-like doc that lists the house owners of a enterprise. Inventory, convertible notes, warrants, and fairness possession awards are among the many securities or shares listed.
In keeping with the PTI report, talks are additionally in a sophisticated stage with different attainable purchasers, resembling Incred, who’re trying into buying stakes within the hospitality main at secondary market costs between ₹53 and ₹60 per share, which interprets to a attainable valuation of as much as USD 5.2 billion.
In keeping with the report, even when the valuation has been rising, it’s nonetheless far decrease than the USD 10 billion that OYO was valued at throughout its top.
OYO recorded a revenue for the primary quarter of the fiscal yr 2025. At an worker city corridor, OYO’s founder and CEO Ritesh Agarwal disclosed the corporate’s preliminary web revenue determine.
After reporting a lack of round ₹108 crore in the identical interval of the earlier fiscal yr, OYO turned a revenue of about ₹132 crore within the first quarter of FY 2025.
The resort aggregator agency not too long ago revealed plans to pay $525 million in complete money for G6 Hospitality, the US operator of the long-lasting manufacturers Motel 6 and Studio 6. For $27 million, the enterprise additionally bought CheckMyGuest, a Paris-based startup.
Along with sustaining the secure outlook, Moody’s Rankings improved the company household ranking (CFR) of OYO’s father or mother firm, Oravel Stays Restricted, the journey tech platform, and the ranking on the senior secured time period mortgage issued by its wholly-owned subsidiary, OYO Singapore, from B3 to B2.
