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Hindustan Media Ventures Ltd Q3FY21 consolidated net profit at Rs 35 19 crore

[Funding Alert] OYO Secures Rs 54 Cr In Series F1 Funding

[Funding Alert] OYO Secures Rs 54 Cr In Series F1 Funding Jan, 08 2021 [Funding Alert] OYO Secures Rs 54 Cr In Series F1 Funding OYO Hotels & Homes is operating over 18,000 franchised and leased hotels in more than 500 cities across 10 countries.

Hindustan Media Ventures invests Rs 54 crore in OYO

By siliconindia  |  Thursday, 07 January 2021, 04:09 Hrs Hopitality major OYO Hotels & Homes has raised Rs 54 crore from Hindustan Media Ventures Ltd. According to a filing with the Registrar of Companies (RoC), OYO has raised the capital as part of its series F1 funding round. With this investment, Hindustan Media Ventures subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of OYO, with a face value of Rs 100 each for cash, at an issue price of Rs 43.20 lakh per Series F1 CCCPS for an aggregate consideration equivalent to Rs 54 crore on a private placement basis. OYO, however, declined to comment on the development.

Welcome To IANS Live - BUSINESS - Hindustan Media Ventures invests Rs 54 cr in OYO

Photo Credit: IANS IANSLive New Delhi, Jan 6 (IANS) Hopitality major OYO Hotels & Homes has raised Rs 54 crore from Hindustan Media Ventures Ltd. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 06-January-2021

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