India Digest: Oyo parent Oravel inks JV with SB Topaz; Amazon-Reliance Retail talks end

India Digest: Oyo parent Oravel inks JV with SB Topaz; Amazon-Reliance Retail talks end

OYO in Manali, India. Photo: OYO Rooms

Ritesh Agarwal-owned Oravel Stays, the parent company of Oyo Hotels and Homes, has inked an agreement to set up two joint ventures (JV) with Softbank controlled SB Topaz in India. In a separate development, Amazon’s plan to pick up a 26 per cent stake in Reliance Retail has fallen through due to differences over valuation.

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