Softbank sells 3.8% stake in Delhivery for ₹954 cr; stock down 3%
The development comes after another major global investor Tiger Global sold 1.2 crore shares in a Gurugram-based company at ₹335 apiece in Feb.
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Delhivery shares fall 2% amid report of block deal
SoftBank, through SVF Doorbell (Cayman), is looking to sell its stake worth ₹600 crore in Delhivery via a block deal.
SEBI asks OYO to refile IPO draft papers with changes
The Softbank-backed travel tech firm eyes raising ₹8,430 cr. The proposed offering comprises a fresh issue of shares of up to ₹7,000 cr and an OFS worth ₹1,430 cr.
After Paytm, SoftBank to cut stake in Policybazaar; stock rises 6%
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
OYO Hotels Q2 net loss narrows to ₹333 cr; H1 revenue up 24%
OYO Hotels' parent company Oravel Stays plans to launch its initial public offering (IPO) by early 2023.
Paytm share nosedives 10% on Softbank stake sale buzz
SoftBank Group, one of the biggest shareholders in One97 Communications, is looking to sell 29 million shares in the company at ₹555-₹601.45 apiece.
Paytm shares tumble 4% as lock-in period expires
Paytm shares have wiped off 72% of investors' wealth since listing, falling from IPO price of ₹2,150 to an intraday low of ₹605.80 today.
Paytm shares hit record low as Macquarie cuts revenue forecast
The stock fell 5.89% to ₹1,159 on the National Stock Exchange on Monday as the foreign brokerage slashed its target price on the stock by around 25% to ₹900.
“Always let people do their job”
“It’s hard to let go when you are still young. We managed to do really well in hiring the first core team, and that is the most critical part of our story.”
Care, cash, evolution: How OYO navigated Covid-19
OYO was hit hard by the pandemic last year. Founder Ritesh Agarwal, who is at the forefront of reimagining OYO for a post-pandemic future, explains how he has been crafting this strategy.
