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  3. Nuvama Wealth Acquires Rs 100 cr in OYO Shares

Nuvama Wealth Acquires Rs 100 cr in OYO Shares

12 Dec 2024

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Key Takeaways

OYO’s valuation has reached USD 4.6 billion, with strategic acquisitions and a Q1 FY 2025 profit of Rs 132 crore.

OYO’s valuation has reached USD 4.6 billion, with strategic acquisitions and a Q1 FY 2025 profit of Rs 132 crore.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

Nuvama Wealth Acquires Rs 100 Crore Stake in OYO.

Expert Analysis:

  • Acquisition Details: Nuvama Wealth and Investment Limited acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays Limited at Rs 53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction.

  • Valuation: The transaction values OYO at USD 4.6 billion for the travel tech unicorn.

  • Early Investors’ Exit: Shares are being sold by OYO’s early investors, providing them a partial exit and potentially bringing in new strategic investors.

  • Discussions with Other Buyers: Discussions are underway with other buyers, including Incred, for shares priced between Rs 53-60, with a potential valuation of up to USD 5.2 billion.

  • Valuation Comparison: Despite the valuation increase, it is still significantly below OYO’s peak valuation of USD 10 billion.

  • Profit Report: OYO reported a net profit of Rs 132 crore in Q1 FY 2025, recovering from a loss of Rs 108 crore in the same quarter last year.

Publisher:Money.rediff