India Digest: OYO buys Novascotia; RRL picks 16% in KaiOS; Zee drops 9X Media deal

Online hotel aggregator OYO has acquired Chennai-based service apartment operator Novascotia Boutique Homes, while Reliance Retail Limited, a subsidiary of Reliance Industries, has acquired a 16 per cent stake in US-based KaiOS Technologies. In a separate development, Zee Entertainment Enterprises has called off the deal to acquire music broadcaster 9X Media.