Indian hotel startup Oyo’s Japan unit sells long-suffering residential biz
The logo of OYO, India’s largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis
Indian hotel startup Oyo Hotels & Homes is to sell its short-term residential business in Japan.
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SoftBank has routed the transaction through its UK arm SB Investment Holdings (UK).
Zostel will take the judgement to Oyo to fulfil the obligations under the term sheet and transfer the shares.
