Oravel Stays Limited (“OYO”) on the issuance of certain Series G fully and compulsorily convertible cumulative preference shares to Patient Capital Investments Pte. Ltd.

Oct 28, 2024

Oravel Stays Limited (“OYO”) on the issuance of certain Series G fully and compulsorily convertible cumulative preference shares to Patient Capital Investments Pte. Ltd.

AZB & Partners acted for Oravel Stays Limited (“OYO”) on the issuance of certain Series G fully and compulsorily convertible cumulative preference shares by OYO to Patient Capital Investments Pte. Ltd., amounting to acquisition of less than 5% of its shareholding, on a fully diluted basis, for a total consideration amount of about USD 98.87 million.

Our deal team comprised our Senior Partner Niladri Maulik, Partner Anshuman Vikram Singh and Associate Mohit Sharma.

AUTHORS & CONTRIBUTORS

Partner:
Niladri Maulik
Anshuman Vikram Singh
Associates:
Mohit Sharma

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