Zostel asks SEBI to review Oyo's updated DRHP over litigation disclosure gaps
Zostel has urged SEBI to scrutinise Oravel Stays' updated DRHP, alleging incomplete disclosures on their ongoing dispute over ~7% equity. The challenge comes as Oyo pursues a ₹6,650 crore IPO with no offer-for-sale component.
Zostel has asked SEBI to review Oyo parent Oravel Stays' updated DRHP, alleging incomplete disclosures on their ongoing legal dispute over ~7% equity, as Oyo seeks to raise ₹6,650 crore via IPO with no OFS component.