AZB & Partners Acts for OYO on Share Issuance to Patient Capital Investments

AZB & Partners acted for Oravel Stays Limited (“OYO”) on the issuance of certain Series G fully and compulsorily convertible cumulative preference shares by OYO to Patient Capital Investments Pte. Ltd., amounting to acquisition of less than 5% of its shareholding, on a fully diluted basis, for a total consideration amount of about USD 98.87 million. Our deal team comprised our Senior Partner Niladri Maulik, Partner Anshuman Vikram Singh and Associate Mohit Sharma.