OYO is most likely to be an overseas listing as it is not yet profitable and the US markets seem to be more receptive to such business models.
The move, unprecedented among leading privately held, new-age Indian startups, will help Agarwal raise his stake to around 30% from the current 10%.
The clause was introduced in Oyo’s Articles of Association when the company raised $250 million led by SoftBank in late 2017.
The high-profile divestment would be part of Prime Minister Narendra Modi’s efforts to raise $15.3 billion selling stakes in state-run companies.
Dawex would act as an enabler, allowing different travel and hospitality players to exchange information in a safe and compliant manner.
Google ranked first in growth for top performing review sources and showed the highest increase in the number of reviews with an impressive plus of 93.37% in 2018.
Hosts must tell guests about those restrictions and could be held responsible for nuisance violations committed by guests.
Rather than enhance existing frameworks there is a need to unlearn the historical way of doing things.
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