OYO climbs up another step by acquiring 80% stake in Japan’s MDI alongside Softbank
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After spreading its roots all over India, Japan, Middle East, UK and US, hospitality firm OYO has added another feather in its cap by acquiring an 80% stake in Japanese rental apartment operator MDI, by joining hands with Softbank. It was an investment of $100 million in total. OYO will register 37,000 rooms under MDI management, on its own platform and will supplement the company's existing inventory of more than 2,000 rooms.