Cost savings, ad volumes lead to positive turnaround in HT Media s Q3 FY21 profits adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
[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.
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.