Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 croreOYO parent Prism, formerly Oravel Stays, has filed an updated DRHP with SEBI for a Rs 6,650 crore IPO entirely through fresh issue. Proceed...
PRISM’s IPO filing mentions Zostel case, CCI investigationIn its UDRHP-I filing to Sebi, the company any 'adverse' outcome in legal proceedings involving Zostel may materially and adversely affect ...
PRISM files IPO papers for Rs 6650 crore fresh issue, reports Rs 748 crore profit in 9MFY26Oyo's parent company, PRISM, has filed its IPO papers with SEBI, planning a Rs 6,650 crore fresh issue to repay borrowings. The hospitality...
Oyo parent Prism Hotels receives Sebi nod for IPOPrism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds fo...
Indian corporations poised to become large brand owners in US: Oyo founder Ritesh AgarwalIndian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyon...
Oyo parent PRISM's G6 Hospitality launches 38 new hotels across the USPRISM, the company behind Oyo, has launched 38 Studio 6 extended stay hotels across the United States. This expansion follows PRISM's acqui...
Oyo to boost hotels that provide ‘consistent and high-quality’ customer experienceThe company has launched an elite category called ‘Super Oyo’. Hotels in this category will have an average rating of four and above, zero ...
Oyo squashes rumours of bankruptcy following an NCLT order"The creditors of Oyo Hotels & Homes are hereby called upon to submit their claims before April 15 to the interim resolution professional,"...
Oyo checks out from unviable ventures, assetsOyo Hotels & Homes has surrendered some co-working spaces and cut back on its co-living and rental housing business under Oyo Life over the...
OYO Hotels & Homes strengthens its global leadership teamAmong those who have been promoted and hired are Ayush Mathur who is now the chief supply officer (Global), Ankit Mathuria as Chief Technol...
Corporates cut back on business with Oyo because of service, quality issuesOwing to multiple issues hovering around Oyo Hotels & Homes ranging from safety and security of women to service and quality issues, severa...
Oyo crosses 5 lakh room inventory in China, to invest $100 mn in two yearsWithin a span of around one and a half year of operation in China, Oyo Hotels and Rooms has expanded its presence to over 337 cities and 5 ...
Oyo launches 100th Townhouse hotelOyo said it plans to expand the brand to over 400 hotels in multiple cities from the existing 16, by the end of 2019 across India. Currentl...
Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnershipOyo will be able to distribute its hotel rooms via the wholesale channel, which operates under the name Hotelbeds name and the retail trave...
OYO hotel sales globally jump over 4-fold to USD 1.8 bn in 2018Globally, OYO Hotels & Homes is present in over 500 cities across eight countries.
OYO Hotels to double number of hotels to 400+ in a yearOYO Hotels announces expansion plans for Odisha to double footprint in the state by raising the total count of hotels to 400 from over 190 ...
After UK Foray, OYO Hotels is opening its door in UAEOYO Hotels is starting with 10 full-inventory franchised and operated hotels and more than 1,100 rooms in the three Emirates — Dubai, Sharj...