Agarwal, along with the management, will now be the second-largest shareholder after SoftBank Vision Fund, which owns almost 48% of the company. The Competition Commission of India ( The Competition Commission of India ) has approved RA Hospitality ’s plans to buy-back OYO Hotel & Homes shares worth $ 1.5bn from existing investors and pump an additional $500 m into the company. The deal will be financed by loans extended to Agarwal by RA Hospitality and Mizuho . The founder and CEO of the company will use Ritesh Agarwal , a Cayman -registered entity, to transact the unprecedented deal which will see the 26-year-old increase his shareholding in the firm he founded in July 8 to an estimated 30% and value the company at $ 10bn . OYO Hotel & Homes recently entered the co-working sector.
The Competition Commission of India ( The Competition Commission of India ) has approved RA Hospitality ’s plans to buy-back OYO Hotel & Homes shares worth $ 1.5bn from existing investors and pump an additional $500 m into the company. The deal will be financed by loans extended to Agarwal by RA Hospitality and Mizuho . The founder and CEO of the company will use Ritesh Agarwal , a Cayman -registered entity, to transact the unprecedented deal which will see the 26-year-old increase his shareholding in the firm he founded in July 8 to an estimated 30% and value the company at $ 10bn . OYO Hotel & Homes recently entered the co-working sector.