Ritesh Agarwal to raise stake in OYO with ₹550 cr infusion
The Morning Standard|November 19, 2024
SOFTBank-backed 0yo's founder and chief executive officer Ritesh Agarwal is planning to increase his stake in the company With ₹550 crore infusion.
Ritesh Agarwal to raise stake in OYO with ₹550 cr infusion

He is slated to buy another $60 million Worth of shares from the company at ₹42.60 per share, a 45 % premium to his last purchase in August 2024. The investment will value the company at about $3.8 billion. Agarwal had earlier also led the company's Series G round in the OYO with an investment of ₹880 crore. According to the notice to shareholders, it has been mentioned that the investment will come from Redsprig Innovation Partners, which was floated by Agarwal An extraordinary general meeting (EGM) will be held on December 9 to approve the fund raise.

この記事は The Morning Standard の November 19, 2024 版に掲載されています。

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この記事は The Morning Standard の November 19, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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