SoftBank To Offload INR 1,328.5 Cr Worth Shares In OYO’s IPO

SoftBank To Offload INR 1,328.5 Cr Worth Shares In OYO’s IPO

SUMMARY

SoftBank’s SVF India Holdings (Cayman) Ltd holds 46.62% shareholding in OYO's Oravel Stays

The DRHP shows that SVF India Holdings will offload shares of up to INR 1,328.5 Cr through the offer for sale

The other existing investors who will dilute their stake include A1 Holdings Inc, China Lodging Holdings (HK) and Global Ivy Ventures LLP

Long-time investor and the largest shareholder in the hospitality unicorn OYO, SoftBank will offload part of its stake in its proposed initial public offering (IPO).

SoftBank’s SVF India Holdings (Cayman) Ltd holds 46.62% shares in Oravel Stays, the parent company of hospitality unicorn. The OYO’s DRHP shows that SVF India Holdings will offload shares of up to INR 1,328.5 Cr through the offer for sale.

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