Market sources suggest that the continuous decline in OYO’s valuation is because of ambiguity over its listing because of poor appetite for the stock at prevailing valuations
Alat, headquartered in Riyadh, has been established to create a global champion in electronics and advanced industrial segments and mandated to create world class manufacturing enabled by global innovation and technology leadership.
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While four of its portfolio firms – Zomato, PB Fintech, Paytm and Delhivery – are listed, it is now preparing to list the next set of companies from its portfolio, which will include Firstcry, Ola Electric, Swiggy and OYO
The two vision funds have pumped in $11 billion into Indian companies since November 2018 and had already clocked exits worth $6.2 billion-$6.5 billion as of early January this year.