(Bloomberg) Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Homes Pvt., according to people familiar with the matter.Most Read from BloombergMusk Fails to Convince Tesla Investors to Overlook Slow GrowthBoeing Growth Plans Set Back as Regulator Blocks Higher OutputRussia Says Ukraine Downed Plane Carrying Prisoners for SwapHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe Indian hotel-booki
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Homes Pvt., the Indian hotel-booking company backed by Softbank Group Corp. Oyo, founded by Ritesh Agarwal, filed for an IPO for the second time in March, but has not yet decided on the timing. The company is seeking funds for expansion and debt reduction.
At the current pace, 2021 will exceed the country's all-time record of $11.8 billion, with all involved racing to cash in on fervent demand for fresh public offerings.
The Zomato IPO opened peoples eyes to India and the pathways to listings by privately funded, homegrown unicorns—from Paytm to Byjus and Flipkart to Oyo.
Will Section 66A finally be laid to rest?
Want this newsletter delievered to your inbox?
SUBSCRIBE
Thank you for subscribing to Unwrapped
We ll soon meet in your inbox. / Unwrapped
Last Monday, the
Supreme Court of India said it was “shocked” that police across the country continue to charge people under
Section 66A of the Information Technology Act, a law it struck down as unconstitutional in March 2015. “You file a counter as it is a shocking state of affairs,” Justice Rohinton Fali Nariman told Attorney General KK Venogopal, who sought two weeks to reply.
Will 2021 be the year that Indians are finally freed from the clutches of this atrocious “zombie law”?