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India`s Oyo `pre-files` confidentially for IPO Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd has submitted a confidential "pre-filing" document for an initial public offering, a source close to the company said on Friday. The company had initially filed to go public in October 2021, but delayed the share sale at that time. The confidential filing option, introduced by the Securities and Exchange Board of India last year, would give the company flexibility on the size of its share issue and the timing...
India`s Oyo `pre-files` confidentially for IPO
India`s Oyo `pre-files` confidentially for IPO
Source: Reuters
31/03/2023 5:21:34 PM
OYO announces Super OYO; latest category of the most reliable OYOs across 70+ cities in India Global travel technology company, OYO, has launched a program to recognize hotels that provide the most consistent and high-quality customer experience.  The category called ‘Super OYO’, constantly analyses each hotel's performance on multiple parameters such as customer ratings and reviews, keeping maximum rooms operational consistently, smooth check-in experience, among others. Consumers can now see hotels marked ‘Super OYO’ while booking through the OYO ...
OYO announces Super OYO; latest category of the most reliable OYOs across 70+ cities in India
OYO announces Super OYO; latest category of the most reliable OYOs across 70+ cities in India
Source: PR Agency
16/12/2022 12:32:51 PM
OYO launches 'Super OYO' in more than 70 cities in India Global travel technology company OYO has launched a programme to recognise hotels that provide the most consistent and high-quality customer experience. The category called 'Super OYO' constantly analyses each hotel's performance on multiple parameters such as customer ratings and reviews, keeping maximum rooms operational consistently, smooth check-in experience, among others, said the company. Consumers can now see hotels marked 'Super OYO' while booking through th...
OYO launches 'Super OYO' in more than 70 cities in India
OYO launches 'Super OYO' in more than 70 cities in India
Source: IANS
14/12/2022 10:51:51 AM
India's Oyo Hotels reports smaller loss in July-September vs previous quarter SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd reported a smaller loss for the July-September period compared with the previous quarter, in an update to its initial public offering prospectus released on Saturday. The company reported a net loss of 3.33 billion rupees($40.77 million) in the second quarter of the financial year compared with a loss of 4.14 billion rupees in the first quarter. The company's financial year runs from April 1 to March 31. Adjusted e...
India's Oyo Hotels reports smaller loss in July-September vs previous quarter
India's Oyo Hotels reports smaller loss in July-September vs previous quarter
Source: Reuters
28/11/2022 11:00:41 AM
India`s Oyo Hotels reports smaller loss in July-September vs previous quarter Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd reported a smaller loss for the July-September period compared with the previous quarter, in an update to its initial public offering prospectus released on Saturday. The company reported a net loss of 3.33 billion rupees($40.77 million) in the second quarter of the financial year compared with a loss of 4.14 billion rupees in the first quarter. The company's financial year runs from April 1 to March 31. Adjusted e...
India`s Oyo Hotels reports smaller loss in July-September vs previous quarter
India`s Oyo Hotels reports smaller loss in July-September vs previous quarter
Source: Reuters
26/11/2022 4:34:58 PM
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies As hospitality major OYO firms up plans for its initial public offering (IPO), financial services company Jefferies says that while the company saw one of the strongest first quarters in many years, there are some challenges that it needs to address to maintain growth momentum. According to the report the two major factors that have helped OYO improve unit economics as it turned EBITDA (adjusted) positive in the first quarter of FY23 is the broad-based improvement in travel trends and busi...
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
Source: IANS
13/10/2022 12:25:51 PM
India`s Oyo Hotels delivers positive core earnings for the first time  India's IPO-bound Oyo Hotels posted positive group core earnings for the first time as a rebound in travel demand powered bookings, a filing from the SoftBank Group-backed hotel aggregator showed on Monday. Oyo's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first quarter stood at 72.66 million Indian rupees ($911,668.76), the company disclosed in an addendum to its filing for an initial public offering (IPO). Last year, the hotel...
India`s Oyo Hotels delivers positive core earnings for the first time
India`s Oyo Hotels delivers positive core earnings for the first time
Source: Reuters
19/09/2022 2:37:18 PM
OYO to bring onboard 600 new hotels & homes in South India by year-end Buoyed by the strong booking trends in the business as well as liesure travel segments, global hospitality technology major, OYO is looking to significantly increase hotels and homes (storefronts) in South India on its platform. The company intends to add around 35 hotels per week, a release stated on Monday. Currently operating around 1350 properties in the southern states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and the Union Territory of Puducherry, OYO aims to incre...
OYO to bring onboard 600 new hotels & homes in South India by year-end
OYO to bring onboard 600 new hotels & homes in South India by year-end
Source: IANS
6/09/2022 9:17:09 AM
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse In line with its commitment to the 'Invest in Denmark' initiative, online hospitality major OYO has acquired Europe-based holiday homes operator Bornholmske Feriehuse, which aims to accelerate the growth of travel and tourism in the market. Bornholmske Feriehuse, which has over 700 homes on its platform, is based out of Bornholm island in Denmark and is expected to clock more than 2,50,000 guest nights in 2022. "I feel elated as we welcome Rasmus and integrate Bornholmske F...
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse
Source: IANS
11/08/2022 3:08:15 PM
Key News - Jubilant FoodWorks, OYO Rooms,Vedantu, Nissan Motor India By ARETE Securities Key News Jubilant Foods to buy remaining 10% stake in JV with Golden Harvest Jubilant Food Works on Tuesday said it will acquire the remaining 10 per cent share in its joint venture Jubilant Golden Harvest from Golden Harvest. After this, Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL, which offers domino's pizza in Bangladesh, a wholly-owned subsidiary, the company said in a regulatory filing HC allows Invesco appeal against or...
Key News - Jubilant FoodWorks, OYO Rooms,Vedantu, Nissan Motor India By ARETE Securities
Key News - Jubilant FoodWorks, OYO Rooms,Vedantu, Nissan Motor India By ARETE Securities
Source: ARETE Securities Ltd
23/03/2022 9:56:05 AM
IPO-bound OYO condemns Zostel's threats of forum shopping The battle between tech hospitality major OYO and hostel chain Zostel reached another high, as IPO-bound OYO published an open blog in response to a letter by Zostel threatening it to constrain its IPO readiness actions. According to the letter in possession of IANS, the hostel chain has threatened that it "shall be constrained to write to SEBI and/or initiate appropriate proceedings against OYO & OHHPL". Zostel has also said that its shareholders are entitled to 7 per cen...
IPO-bound OYO condemns Zostel's threats of forum shopping
IPO-bound OYO condemns Zostel's threats of forum shopping
Source: IANS
29/09/2021 10:10:18 AM
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source BENGALURU  -SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday. The hotel aggregator is looking to list in India's financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, the source said, adding it will consist of a fresh issue of shares and an offer for sale from existing shareholders. ...
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source
Source: Reuters
23/09/2021 10:02:42 AM
NCLT admits insolvency plea against OYO arm; Co. moves NCLAT The Ahmedabad-bench National Company Law Tribunal (NCLT) has admitted the insolvency application against OYO subsidiary, OYO Hotels & Homes Private Ltd (OHHPL). Following the development, OYO has moved the National Company Law Appellate Tribunal (NCLAT) against the NCLT order. An OYO spokesperson said: "We are surprised to hear that the NCLT has admitted a petition against OHHPL a subsidiary of OYO for Rs 16 lakh in a contractual dispute, which dispute is not even with this sub...
NCLT admits insolvency plea against OYO arm; Co. moves NCLAT
NCLT admits insolvency plea against OYO arm; Co. moves NCLAT
Source: IANS
7/04/2021 3:11:12 PM
OYO to cover Covid vax cost for employees, families in India OYO Hotels & Homes on Thursday announced that it would be covering vaccination costs for all employees in India and their families across all locations. In a statement, the hospitality major said that its employees and their family members will be able to choose to get the vaccination done at any centre convenient to them and the costs would be reimbursed in full by OYO. Additionally, the company has also enhanced the insurance benefit of employees to include Covid-19 home care cove...
OYO to cover Covid vax cost for employees, families in India
OYO to cover Covid vax cost for employees, families in India
Source: IANS
2/04/2021 10:53:41 AM