Zostel Withdraws Urgent Plea Against IPO-Bound OYO; Hearing Set For August 12
Zostel pulled its urgent Delhi HC plea seeking protection for a claimed 7% stake in OYO parent PRISM, valued around ₹6,650 Cr. The decade-long equity dispute over the 2015 Zo Rooms deal persists, with the appeal now listed for August 12 as OYO advances its IPO plans.
Zostel withdrew an urgent Delhi HC plea seeking protection for a claimed 7% stake in IPO-bound OYO parent PRISM. The decade-long equity dispute over the 2015 Zo Rooms deal continues, with the appeal listed for August 12.
Why this matters
The withdrawn plea removes an immediate legal hurdle as OYO pushes toward its IPO, though the decade-long equity dispute over the 2015 Zo Rooms deal remains unresolved ahead of the August 12 hearing.
Retail-company signals are accelerating, up +708600% QoQ.
Also reported by
- Inc42 · Buzz — 5h after first sighting