Oyo gets shareholder nod to raise Rs 417 crore via preference shares

Travel tech unicorn Oyo has received shareholder approval to raise Rs 416.85 crore through preference shares in an extraordinary general meeting (EGM) held on June 18, sources familiar with the matter told ET.

The shareholders also gave their approval to increase Oyo’s authorised share capital from Rs 901.14 crore to Rs 1,341.14 crore, sources cited above said.