OYO's ₹6,650 Crore IPO
New Delhi: Oravel Stays (the parent company of budget hotel brand OYO) announced plans to raise ₹6,650 crore through an Initial Public Offering (IPO). Updated IPO documents submitted to SEBI on Tuesday revealed that the funds would be raised entirely through a fresh issue of equity. Notably, neither the company's founder Ritesh Agarwal nor its largest investor, SoftBank—or any other investors—are selling their stakes in this IPO.
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