Indian hotel chain OYO expands authorised share capital with eye on IPO

Indian hotel chain OYO expands authorised share capital with eye on IPO

OYO in Manali, India. Photo: OYO Rooms

Oravel Stays Pvt. Ltd, which operates the OYO Hotels and Homes business, has expanded its authorized share capital from 1.17 crore to 901 crore, ahead of a planned public share sale next year.