 "OYO’s bold acquisition of G6 Hospitality for 5 million marks a pivotal expansion in its U.S. presence, enhancing Motel 6’s legacy.")
OYO, the global travel technology firm, is expanding its presence in the U.S. by acquiring G6 Hospitality, which includes Motel 6 and Studio 6, for $525 million in cash. Since entering the U.S. Market in 2019, OYO has grown to operate over 320 hotels and plans to add another 250 in the coming year. This ...
 "In a high-stakes move, Chinese tech giant Tencent unloaded 2.1% of its holdings in PB Fintech, the parent entity of Policybazaar, for a staggering Rs 1,668 crore via open market transactions. This extensive sell-off of 97 lakh shares, executed in 15 tranches, slashed Tencent’s stake from 4.26% to 2.13%. Notable buyers, including SBI Mutual Fund, Societe Generale, and other major financial entities, quickly acquired the shares. Despite the intense trading activity, PB Fintech’s shares dipped 0.71%, closing at Rs 1,724.85 on the BSE. This marks the third significant sale by Tencent in PB Fintech within a span of four months.")
Tencent has made a significant move by selling its 2.1% stake in PB Fintech, the parent company of Policybazaar, for a whopping Rs 1,668 crore. This transaction has seen key players like SBI Mutual Fund and Société Générale picking up shares. Keep reading to find out how this sale impacts the Market dynamics and what ...
Today’s Current Affairs: Rajasthan Board RBSE 12th Result 2024 Announced Today’s Current Affairs bring exciting news for students across Rajasthan as the Rajasthan Board of Secondary Education (RBSE), Ajmer has officially announced the Class 12 results. The results were disclosed in a press conference at 12:15 pm and are now accessible online. Commerce students achieved ...
Novavax stock surged as much as 100% after announcing a deal with Sanofi, marking a significant turning point for the company. This partnership signals a new chapter for Novavax, with potential for increased growth and Market expansion. Investors are optimistic about the future prospects of the company following this major collaboration. Click to Claim Latest ...
