On the subjects of unmarried couples not being welcome at OYO and how exactly Ritesh Agarwal is buying up shares of his own company.
Ashish K. MishraSubscribe to read this story
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The company is now just another aggregator in the budget hotel sector. And the shift does make sense; OYO wants to cut losses and its India business isn’t all that important anymore.
Even as the chorus of the company’s turnaround seems to be gathering momentum, it appears that co-founder Ritesh Agarwal’s one-trick pony continues to be financial engineering.
With the demerger of the hotels division looking imminent, ITC’s shareholders are hopeful that the drain on resources will end and the company will reap the rewards of an uptick in the hospitality sector.