Zostel urges Sebi to examine Oyo IPO disclosures
Hospitality startup Zostel has approached the Securities and Exchange Board of India (Sebi) seeking a review of the disclosures made by Oyo parent PRISM in
Hospitality startup Zostel has approached the Securities and Exchange Board of India (Sebi) seeking a review of the disclosures made by Oyo parent PRISM in its updated draft red herring prospectus (UDRHP) ahead of the proposed initial public offering.In a representation to Sebi dated July 7, Zostel alleged that Oyo's offer document does not adequately disclose the nature and commercial significance of the long-running legal dispute between the
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