Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information

Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information

New Delhi: The IPO of tech hospitality startup Oyo, which was earlier expected to be launched in the first half of 2023, will now likely be delayed another quarter, as Securities and Exchange Board of India (SEBI) has written back to the company asking it to update additional sections in its Draft Red Herring Prospectus … Read more

Zo’s plea adds a legal twist to Oyo’s IPO saga

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Oyo Hotels & Homes, which is preparing to file a draft prospectus for a $1-$1.2 billion initial public offering (IPO),has a legal hurdle ahead that is being posed by once rival Zostel (Zo Rooms) over a botched acquisition deal, which is due to come up for a court hearing on Wednesday. Hospitality startup Zo — … Read more