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Oyo parent gets USD 807 Mn from SVF, RA Hospitality

Mar 18, 2020 by The Passage Team
Oyo parent gets USD 807 Mn from SVF, RA Hospitality

Oravel Stays, the parent company of hospitality chain Oyo Hotels & Homes, has received a capital infusion of about USD 807 million from two of its backers, SVF India Holdings and RA Hospitality, the Ritesh Agarwal-controlled investment entity, as part of its ongoing $1.5 billion funding round.

In regulatory filings with the Registrar of Companies, and accessed by company research platform Tofler, the Gurugram-headquartered company has allotted a total of 15,325 Series F compulsorily convertible cumulative preference shares (CCCPS) to the two entities, at a price of USD 52,643.22 per share.

Source: Economic Times

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