Oyo has submitted its IPO application in September 2021 and recently submitted an addendum to the DRHP.
This is in continuation of Jubilant Food’s announcement on July 28, 2022, for the acquisition of a 40% stake in Roadcast Tech.
Company has increased its shareholding from its existing 68.82% to 75.16% by acquiring 400 equity shares.
The company has acquired this stake in Accord Hotels to use its only asset i.e., a ~10 acre land parcel located in Sector 128, Noida for the purpose of developing a mixed-use residential community with an estimated saleable area of ~1 Mn Sq. Ft.
BK Indonesia has become a subsidiary of Restaurant Brands Asia wherein the Company holds 87.75% of the equity shares in BK Indonesia.
The company has sold its 43.34% stake in Cosmos Premises, an Associate Entity, to Royal Orchid Hotels Limited, along with 6.66 % in CPPL held by certain promoter’s related entities.
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