Zostel Petitions Sebi Over Oyo IPO Disclosures on Decade-Old Acquisition Dispute
Zostel has filed a 56-page representation to Sebi, alleging Oyo parent Prism Hospitality inadequately disclosed their unresolved 2015 acquisition dispute ahead of a planned Rs 6,650 crore fresh issue. The clash traces to a 2021 arbitration and a May 2025 court ruling over a 7% stake.
Zostel has petitioned Sebi to review Oyo parent Prism Hospitality's draft IPO disclosures, alleging inadequate representation of their decade-old acquisition dispute ahead of Oyo's planned Rs 6,650 crore fresh issue.