OYO’s parent company PRISM has secured shareholder approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed initial public offering, signalling steady ...

Oyo State government has terminated the contract for its N8.2 billion 11-megawatt Independent Power Project (IPP) developed by Elektron Energy, citing underperformance and eventual shutdown of ...

Prism, the parent company of hospitality major Oyo, has called an Extraordinary General Meeting (EGM) on December 20 to seek shareholder approval for raising up to Rs 6,650 crore through a fresh issue ...

PRISM, the parent company of Oyo (formerly Oravel Stays), has withdrawn its complex bonus share proposal after it drew scrutiny from investors for its unusual structure and eligibility criteria. The ...

Oyo founder Ritesh Agarwal credits Amazon's Jeff Bezos for influencing his business strategy, particularly the quote 'hope is not a plan.' Agarwal emphasizes structured planning and risk assessment ...

Ritesh Agarwal, the founder and CEO of OYO, has credited Jeff Bezos’s philosophy, particularly the notion that “hope is not a plan,” as a guiding principle in building his global hospitality empire.

A battle between two hotel heavyweights is playing out in the heart of Times Square, putting management of a 208-room property at stake, along with the jobs of more than two dozen unionized workers.

Travel tech firm PRISM, parent entity of OYO, on Tuesday said Sunday PropTech raised Rs 50 crore from new-age financial services group InCred and Mumbai-headquartered Analah-led consortium of ...

The Oyo State chapter of the All Progressives Congress Youth League has accused Governor Seyi Makinde of the People’s Democratic Party of abandoning governance for what it described as an “unrealistic ...

The Alaafin of Oyo, Oba Akeem Owoade, has dismissed reports claiming that a new Chief Imam has been appointed for the ancient town, describing the rumours as false and misleading. In a statement ...

The Chairman, House of Representatives Committee on Federal Roads Maintenance Agency, Aderemi Oseni, has expressed confidence that the All Progressives Congress will dislodge the Peoples Democratic ...

Oyo posted its first full-year profit in FY25 as the hospitality chain prepared to launch an initial public offering (IPO) targeting a valuation of $7-8 billion. However, its profit was propped up by ...