OYO in talks to acquire LA hotel firm's India biz: Report

Gurugram-based hotel startup OYO is reportedly in talks to acquire Los Angeles-based private equity and venture capital firm Berggruen Holdings' India hotel arm 'Keys Hotels'. The arm reportedly has an estimated debt of about ₹160 crore and is looking at a valuation of about $125 million (around ₹880 crore). Keys Hotels runs hotels and serviced apartments across 19 Indian cities.