Ritesh Agarwal, the Founder and CEO of OYO, is making a significant investment of ₹550 crore in the hospitality company, boosting his stake from 30% to 32%. This strategic move highlights Agarwal’s commitment to OYO’s long-term vision and growth, as the company continues to solidify its position as a global leader in the hospitality sector.
According to a Moneycontrol report, the investment involves the purchase of over 12.9 crore shares at a price of ₹42.60 per share, effectively valuing the Gurugram-based firm at approximately ₹32,000 crore. This comes at a pivotal time when OYO is focusing on expanding its international footprint and enhancing its service offerings.
The infusion of capital is expected to fuel OYO’s ambitious global expansion strategy. Notably, this move follows OYO’s recent $525 million acquisition of U.S.-based G6 Hospitality, a landmark deal that includes the iconic Motel 6 and Studio 6 brands. Announced in September, the all-cash purchase from Blackstone Real Estate marks a major step in OYO’s effort to strengthen its presence in the U.S. hospitality market.
By increasing his stake and reinforcing the company’s financial foundation, Agarwal is poised to play a critical role in steering OYO toward achieving its growth objectives. This investment not only reaffirms his confidence in the company’s potential but also positions OYO to further enhance its global presence and redefine its impact on the hospitality industry.
