FILE PHOTO: The logo of OYO, India’s largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi, India, April 3, 2019. REUTERS/Adnan Abidi/File Photo
October 1, 2021
BENGALURU (Reuters) – SoftBank-backed Indian hotel aggregator Oyo filed for an initial public offering on Friday, becoming the first hospitality company to seek a domestic stock listing since 2019.
The offering will consist of a fresh issue of shares of up to 70 billion rupees ($942.8 million) and an offer for sale of up to 14.30 billion rupees, according to a copy of its draft herring prospectus dated Sept. 30.
(Reporting by Chandini Monnappa and Vishwadha Chander in Bengaluru; Editing by Sherry Jacob-Phillips and Sriraj Kalluvila)
Source: One America News Network
