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OYO's valuation at $4.6 bn after Nuvama buys ₹100 cr stake: Report
short by Mansi Agarwal / on Saturday, 14 December, 2024
OYO's valuation has reached $4.6 billion after Nuvama Wealth and Investment Ltd purchased its shares worth ₹100 crore, ET reported. Nuvama reportedly bought shares at ₹53 per share in a secondary transaction involving InCred Wealth and H World Group Ltd. The IPO-bound firm announced last month that CEO Ritesh Agarwal will buy shares worth ₹550 crore.
read more at ET Now