Nuvama Wealth picks up Oyo shares worth ₹100 cr
Financial Express Chennai|December 14, 2024
NUVAMA WEALTH AND Investment has acquired shares worth ₹100 crore in Oravel Stays, the parent company of Oyo, through a secondary transaction at ₹53 per share that valued the travel-tech unicorn at $4.6 billion, according to sources.
AYANTI BERA

The shares were sold by InCred Wealth and China's Huazhu Group (formerly known as China Lodging), they added. Although the new valuation is higher than its last known valuation of $2.4 billion, it is still significantly lower than its peak valuation of $10 billion.

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