Nuvama Wealth buys OYO shares worth Rs 100 cr in secondary market

Nuvama Wealth and Investment Limited has acquired shares worth Rs 100 crore in OYO’s parent firm Oravel Stays Limited at Rs 53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction, sources said.

The share sale at Rs 53 apiece translates to a valuation of USD 4.6 billion for the travel tech unicorn.