Oyo raises ₹54 crore from Hindustan Media Ventures

Date posted: Friday 8 January 2021

Hospitality firm Oyo has raised ₹54 crore from Hindustan Media Ventures as part of Series F1 round, according to a regulatory filing by the company. Hindustan Media Ventures Ltd subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of the face value of ₹100 each for cash at an issue price of ₹43.2 lakh per Series F1 CCCPS aggregating ₹54 crore through private placement, according to the filing to Registrar of Companies.

(The Hindu Business Line)