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OYO parent Oravel Stays to launch self-operated premium hotels under Palette brand

OYO parent Oravel Stays to launch self-operated premium hotels under Palette brand
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Moody s expects Oyo s EBITDA to jump 65% YoY in FY24

During a presentation to employees, Ritesh Agarwal, founder and group CEO of the SoftBank-backed company said Oyo had reported an adjusted EBITDA of around Rs 245 crore in FY23. Rating agency keeps Oyo’s parent company, Oravel Stays Private Ltd’s rating at B3 corporate family rating.

Ritesh agarwalSweta patodiaMoody investors service onExchange board of india sebiOravel stays private ltdInvestors serviceEarnings before interestExchange boardMoody sRitesh agarwal

Delhi HC nixes plea by Zostel to restrain OYO s IPO process

The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering (IPO) process, claiming that the former has seven per cent .

New delhiJusticec hari shankarHomes private ltdOyo hotelsOravel stays private ltd indian businessDelhi high court onHigh courtDelhi high courtInitial public offeringArbitration tribunalZostel roomsOravel stays private ltdSupreme court appointed

Delhi HC nixes plea by Zostel to restrain OYO s IPO process

The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering (IPO) process, claiming that the former has seven per cent shareholding in the tech hospitality major. Justice C Hari Shankar dismissed the plea of Zostel, seeking an interim order to restrain or injunct

Hari shankarHomes private ltdOyo hotelsOravel stays private ltd indian businessDelhi high court onHigh courtDelhi high courtInitial public offeringArbitration tribunalZostel roomsOravel stays private ltdSupreme court appointedIndia newsDelhi high court

Oyo Hotel IPO Approaches, Likely Valuation Of $9 Billion

Oyo Hotels, the once hard-charging startup that struggled during the pandemic, is eyeing a valuation of about $9 billion in its IPO

Masayoshi sonRitesh agarwalOravel stays private ltdOyo hotelsOravel stays ltdSoftbank group corpSequoia capitalOyo hotelSecurities exchange board of indiaStays privateChief executive officer ritesh agarwalSoftbank worldGurgaon headquartered oyoExchange boardZostel hospitalityLightspeed ventures