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Oyo taps banks for $800 mn India IPO
Mint Mumbai
|September 26, 2025
Oravel Stays Ltd, the SoftBank Group Corp.-backed company that operates Oyo Hotels, has hired several banks to arrange an initial public offering (IPO) that may fetch as much as $800 million in Mumbai, according to people familiar with the matter.
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Oyo, is working with Axis Bank Ltd, ICICI Securities Ltd, as well as the Indian units of Goldman Sachs Group Inc. and Citigroup Inc. on the share sale, the people said, asking not to be identified. It
This story is from the September 26, 2025 edition of Mint Mumbai.
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