Private Equity

Liquidity Events

Wealth mgmt co. Nuvama acquires shares worth Rs.100-Cr in hospitality player OYO via secondary deal:

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Mumbai-headquartered Nuvama Wealth and Investment Ltd has acquired shares worth INR 100 crore in Gurugram-headquartered hospitality player OYO's parent firm Oravel Stays Ltd at INR 53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction. The share sale at INR 53 apiece translates to a valuation of USD 4.6 Billion for the travel-tech unicorn.Talks are also reportedly at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in OYP at prices ranging between INR 53-60 per share in the secondary market, translating to a potential valuation of USD 5.2 Billion.