{"id":130039,"date":"2022-01-19T13:45:15","date_gmt":"2022-01-19T13:45:15","guid":{"rendered":"https:\/\/www.edristi.in\/?p=130039"},"modified":"2022-01-19T13:45:18","modified_gmt":"2022-01-19T13:45:18","slug":"acquisition-of-stake-in-oyo","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/acquisition-of-stake-in-oyo\/","title":{"rendered":"Acquisition of stake in Oyo"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question : Which of the following has acquired stake in IPO-bound Oyo ?<\/strong><br>a. Qatar Insurance Company &amp; HNIs<br>b. Kuwait Insurance Company<br>c. Al &#8211; Zumerah<br>d. None of the above<br><strong>Ans. a.<br>Related facts &#8212;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A clutch of buyers, including Doha-based insurer Qatar Insurance Company (QIC) and a few high-net-worth individuals (HNIs) and family offices purchased stakes in Oyo during November and December last year.<\/li><li>The secondary transactions were executed at a price of approximately Rs 110 per share, and include nearly 1.43 crore equity shares as well as 2,500 preference shares.<\/li><li>This would work out to a valuation of around 9.56 billion dollar similar to the last round of funding by Microsoft for the company.<\/li><li>It is noteworthy that Oyo&#8217;s existing investors are &#8211; SoftBank Vision Fund, Sequoia Capital, Lightspeed Ventures, Greenoaks Capital, Airbnb, and Hindustan Media Ventures besides a 33% holding by founder Ritesh Agarwal.<\/li><li>Qatar Insurance Company<\/li><li>It is the largest insurance company in the MENA (Middle East and North Africa) region.<\/li><li>It is listed on the Qatar Exchange with a market capitalisation of over 4 billion dollar.<\/li><li><strong>Oyo\u2019s Employee Welfare Trust(OEWT) &#8212;<\/strong><\/li><li>The purchases are secondary transactions, with the shares primarily being offloaded by OEWT, which holds them on the behalf of its employees, as a part of its ESOP programme.<\/li><li>ESOP stands for &#8212; employee stock ownership plan.<\/li><li>It is noteworthy that Oyo had recently expanded its ESOP pool by 41%.<\/li><li>Over 80% of its current employees have been granted ESOPs.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8211; Pankaj Pandey<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/economictimes.indiatimes.com\/tech\/startups\/qatar-insurance-company-hnis-family-offices-acquire-stake-in-ipo-bound-oyo\/articleshow\/88873900.cms\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/economictimes.indiatimes.com\/tech\/startups\/qatar-insurance-company-hnis-family-offices-acquire-stake-in-ipo-bound-oyo\/articleshow\/88873900.cms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : Which of the following has acquired stake in IPO-bound Oyo ?a. Qatar Insurance Company &amp; HNIsb. Kuwait Insurance Companyc. Al &#8211; Zumerahd. None of the aboveAns. a.Related facts &#8212; A clutch of buyers, including Doha-based insurer Qatar Insurance Company (QIC) and a few high-net-worth individuals (HNIs) and family offices purchased stakes in Oyo [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":130040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-130039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/130039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=130039"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/130039\/revisions"}],"predecessor-version":[{"id":130041,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/130039\/revisions\/130041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/130040"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=130039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=130039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=130039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}